Borr Drilling - Update on Share Repurchase Program

20 Nov 2024 07:30 CET

Hamilton, Bermuda, November 20, 2024 - Borr Drilling Limited ("Borr Drilling" or
the "Company") (NYSE & OSE: BORR) initiated a share repurchase program on
November 12, 2024 to repurchase USD 10 million of the Company's common shares in
open market transactions ("the First Tranche") on the OSE and NYSE until no
later than November 30, 2024 pursuant to an agreement with DNB Markets, a part
of DNB Bank ASA ("DNB Markets"). This was the initial step under the Board of
Directors authorized commitment to repurchase $20 million worth of shares before
the end of 2024.

For the period from and including November 12, 2024 through the last day of the
repurchase program, November 18, 2024, the Company purchased a total of
2,466,281 shares at an average price of USD 4,055 per share, equal to a total of
USD 9,999,789. As a result, Borr Drilling hereby announces that the First
Tranche of the share repurchase program initiated on 12 November 2024 has been
completed.

The transactions effected through the agreement with DNB Markets comprise all
the transactions effected by or on behalf of Borr Drilling during the period.

The issuer's holding of repurchased shares: 2,466,281

Following the completion of the above transactions, the Company had repurchased
a total of 2,466,281 shares, corresponding to 0.93% of the Company's total
issued share count.

Appendix:

An overview of all transactions made under the Company's repurchase program and
its agreement with DNB Markets that have been carried out during the above
-mentioned time period is attached to this report and available at
www.newsweb.no.

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

More information:
Access the news on Oslo Bors NewsWeb site

632689_BORR_notification_of_buybacks_13_to_18_November_2024.pdf