Hamilton, Bermuda ,March 1, 2024 Reference is made toBorr Drilling Limited's ("Borr Drilling " or the "Company") (NYSE and OSE: "BORR") stock exchange releases related to the declaration of dividend of paid-in capital of$0.05 per share as announced onFebruary 22, 2024 (the "Dividend"). In accordance with the loan agreement for the Company'sUSD 250,000,000 5% Senior Unsecured Convertible Bonds 2023/2028, ISIN NO0012828187, the Dividend has triggered an adjustment to the conversion price fromUSD 7.3471 toUSD 7.2384 per depository receipt listed onOslo Stock Exchange . Questions should be directed to:Magnus Vaaler , CFO, +44 1224 289208
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