Borr Drilling Limited - Grant of Share Options

02 Sep 2024 06:00 CEST

Bermuda, September 2, 2024: The Board of Directors of Borr Drilling Limited (the
"Company") (OSE and NYSE "BORR") has resolved to grant 2,990,000 share options
(each, an "Option") under the Company's approved share option scheme to certain
of its employees.

Each Option gives the right to subscribe for one share in the Company. The
Options will have a strike price of $6.68 and will vest equally over a three
year period commencing on August 15, 2025. The Options will expire five years
from the date of grant.

Magnus Vaaler, Chief Financial Officer, a person discharging managerial
responsibilities ("PDMR"), as defined by the (EU) Market Abuse Regulation, has
been granted and accepted 225,000 Options. Please see the attached form of
notification and public disclosure by the PDMR.

This information is subject to the disclosure requirements in article 19 of the
Regulation (EU) 596/2014 (the Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208

More information:
Access the news on Oslo Bors NewsWeb site

626796_240901_PDMR_Form.pdf