Borr Drilling Limited Contracting Updates

Borr Drilling Limited has announced new contract commitments for four of its jack-up rigs. The Prospector 5 has a letter of award from BW Energy in Gabon for four wells, with an option for an additional 220 days, expected to start in Q3 2026. The Ran has a six-month extension with ENI in Mexico through September 2026. The Joro has received contract extensions in Europe, totaling approximately two months, extending its commitment through May 2026. The Thor has a binding letter of award from an undisclosed operator in Vietnam for a two-well campaign of approximately 100 days, commencing in July 2026. These contracts include various options and are subject to operational requirements and potential extensions.