Hamilton, Bermuda, June 3, 2024

Reference is made to Borr 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 $0.10 per share as announced on May 23, 2024 (the
"Dividend").

In accordance with the loan agreement for the Company's USD 250,000,000 5%
Senior Unsecured Convertible Bonds 2023/2028, ISIN NO0012828187, the Dividend
has triggered an adjustment to the conversion price from USD 7.2384 to USD
7.1347 per share.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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

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© Oslo Bors ASA, source Oslo Stock Exchange