Borr Drilling Completes Acquisition of Five Premium Jack-Up Rigs

28 Jan 2026 22:05 CET

Hamilton, Bermuda, January 28, 2026 - Borr Drilling Limited (NYSE and Euronext
Growth Oslo: BORR) ("Borr Drilling" or the "Company") today announced that it
has completed its previously announced acquisition of five premium jack-up rigs
from Noble Corporation for a total purchase price of $360 million.

This acquisition increases Borr Drilling's fleet to 29 rigs, strengthens our
ability to serve customers across key offshore basins, and solidifies our
position as the leading pure-play owner of premium jack-up rigs. Following this
transaction, Borr Drilling continues to own the youngest jack-up rig fleet with
an international footprint.

Borr Drilling's Chief Executive Officer Bruno Morand commented, "We are pleased
to have expanded our premium fleet at an opportune point in this market cycle.
These five jack-up rigs are highly compatible with our existing portfolio and
provide well-suited capacity for near-term opportunities. The Borr Drilling
platform-built on operational excellence, customer centricity, and our premium
jack-up rig fleet-remains our defining competitive advantage, and we believe
this expansion will deepen customer relationships and drive attractive long-term
value for shareholders."

Rig Renaming
In connection with the acquisition, the five jack-up rigs are to be renamed as
follows:

Legacy Rig Name New Rig Name
Noble Regina Allen Sif
Noble Tom Prosser Freyja
Noble Mick O'Brien Forseti
Noble Resolute Bestla
Noble Resilient Joro

Enclosed with this press release is an updated Fleet Status Report that
incorporates the five acquired rigs and reflects other recent contracting
developments.

About Borr Drilling
Borr Drilling Limited is an international drilling contractor incorporated in
Bermuda in 2016 and listed on the New York Stock Exchange since July 31, 2019
and on Euronext Growth Oslo since December 19, 2025 under the ticker "BORR". The
Company owns and operates jack-up rigs of modern and high specification designs
and provides services focused on the shallow-water segment to the offshore oil
and gas industry worldwide. Please visit our website at www.borrdrilling.com.

Forward-Looking Statements
This press release and related discussions include forward-looking statements
made under the "safe harbor" provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements do not reflect
historical facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will", "likely",
"aim", "plan", "guidance" and similar expressions and include statements
regarding potential opportunities, the suitability of our rigs for potential
opportunities, potential value creation for certain stakeholders, and other non
-historical statements. Such forward-looking statements are subject to risks,
uncertainties, contingencies and other factors that could cause actual events to
differ materially from the expectations expressed or implied by the forward
-looking statements included herein, including risks related to our ability to
secure contract commitments, the performance of our rigs under contracts, and
other risks and uncertainties, including those described in our annual report on
Form 20-F for the year ended December 31, 2024 and our other filings with and
submissions to the Securities and Exchange Commission. Such risks,
uncertainties, contingencies and other factors could cause actual events to
differ materially from the expectations expressed or implied by the forward
-looking statements included herein. These forward-looking statements are made
only as of the date of this release. We do not undertake to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.

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

More information:
Access the news on Oslo Bors NewsWeb site

664374_260128_Borr_Drilling_Limited_Fleet_Status_Report_pdf.pdf