Borr Drilling Limited - Contracting Updates

Core Insights - Borr Drilling Limited has secured new contract commitments for four premium jack-up rigs, increasing the total number of contracted rigs to 23 out of a fleet of 24 [1] - The new contracts have a combined duration of approximately 1,300 days and are expected to generate over $129 million in revenue, enhancing revenue visibility and contract coverage [2] Contract Details - In the Middle East, the rig 'Arabia II' has received a binding Letter of Award for a contract starting in September 2025, with a firm duration of 500 days and an additional 200-day unpriced option [3] - In Southeast Asia, rigs 'Thor' and 'Gunnlod' have secured contracts with estimated durations of 240 days and 100 days respectively, both including fixed priced optional wells [4] - In Mexico, the rig 'Odin' is transitioning to a 60-day accommodation program after a temporary suspension, with options for drilling works extending the contract through Q2 2026 [5] Year-to-Date Performance - Year to date 2025, the company has secured 13 new commitments totaling 3,010 potential contract days and $366 million in potential contract revenues [6]