Borr Drilling Limited - Contracting Updates

01 Apr 2026 22:05 CEST

Hamilton, Bermuda, April 1, 2026 - Borr Drilling Limited (NYSE and Euronext
Growth Oslo: BORR) ("Borr Drilling" or the "Company") is pleased to announce new
contract commitments for four of its premium jack-up rigs.

In West Africa, the Prospector 5 has received a binding letter of award ("LOA")
from BW Energy in Gabon. The commitment covers a firm scope of four wells, with
a minimum duration of 320 days, and is expected to commence in Q3 2026,
following completion of the rig's current contract and scheduled special
periodic survey. The award includes options that may extend the work by an
additional 220 days.

In the Americas, the Ran has received a six-month extension with ENI in Mexico,
keeping the rig committed through September 2026. The extension will encompass
periods of drilling and accommodation activities, subject to the customer's
operational requirements.

In Europe, the Joro has received contract extensions from the current operator,
totaling approximately two months and keeping the rig committed through May
2026.

In Southeast Asia, the Thor has received a binding LOA from an undisclosed
operator in Vietnam. The two-well campaign has an estimated duration of 100 days
and will commence in July 2026, in direct continuation of its current
commitment.

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 new contract commitments (including options), including the
commencement and duration thereof, 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 new contract commitments described herein,
the commencement and duration of such contracts, the potential revenues from
such contracts, the performance of our rigs under such contracts, whether
contractual options are exercised and the commencement and duration thereof, and
other risks and uncertainties, including those described in our annual report on
Form 20-F for the year ended December 31, 2025 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

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