<SEC-DOCUMENT>0001104659-19-062069.txt : 20191112
<SEC-HEADER>0001104659-19-062069.hdr.sgml : 20191112
<ACCEPTANCE-DATETIME>20191112075204
ACCESSION NUMBER:		0001104659-19-062069
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20191112
DATE AS OF CHANGE:		20191112
EFFECTIVENESS DATE:		20191112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Valaris plc
		CENTRAL INDEX KEY:			0000314808
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				980635229
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08097
		FILM NUMBER:		191206162

	BUSINESS ADDRESS:	
		STREET 1:		6 CHESTERFIELD GARDENS
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1J5BQ
		BUSINESS PHONE:		4402076594660

	MAIL ADDRESS:	
		STREET 1:		6 CHESTERFIELD GARDENS
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1J5BQ

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ensco Rowan plc
		DATE OF NAME CHANGE:	20190410

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ensco plc
		DATE OF NAME CHANGE:	20100331

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ensco International plc
		DATE OF NAME CHANGE:	20091223
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>tm1922470d3_defa14a.htm
<DESCRIPTION>SCHEDULE 14A
<TEXT>
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<P STYLE="margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0; margin-bottom: 0; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
November 12, 2019</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Valaris plc</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; width: 34%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>England and Wales</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or Other Jurisdiction of<BR>
Incorporation
or Organization)</P></TD>
    <TD STYLE="vertical-align: top; width: 32%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1-8097</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Commission File Number)&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 34%; padding-right: 3pt; padding-left: 3pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>98-0635229</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(I.R.S. Employer<BR>
Identification
Number)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; width: 34%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 3pt; padding-left: 3pt; width: 32%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>6 Chesterfield Gardens<BR>
London,
England W1J5BQ</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of Principal Executive <BR>
Offices)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Zip Code)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; font-size: 10pt; width: 34%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number, including
area code: 44 <B>(0) 20 7659 4660</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Wingdings">&#168;</FONT>
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities registered pursuant to Section&nbsp;12(b)&nbsp;of
the Act:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Title&nbsp;of&nbsp;each&nbsp;class</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Ticker&nbsp;Symbol(s)</B></FONT></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Name&nbsp;of&nbsp;each&nbsp;exchange&nbsp;on&nbsp;which&nbsp;registered</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">Class&nbsp;A ordinary shares, U.S. $0.40 par value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">4.70% Senior Notes due 2021</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL21</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">4.50% Senior Notes due 2024</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL24</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">8.00% Senior Notes due 2024</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL24A</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">5.20% Senior Notes due 2025</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL25A</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">7.75% Senior Notes due 2026</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL26</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center">5.75% Senior Notes due 2044</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">VAL44</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">New York Stock Exchange</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933(&sect;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Emerging growth company <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings"></FONT></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"></FONT></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 1in"><B>Item 5.02</B></TD><TD><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">J. Roderick Clark and
C. Christopher Gaut, members of the Board of Directors of Valaris plc (the &ldquo;<U>Company</U>&rdquo;), notified the Company
of their intention to retire from the Company&rsquo;s Board of Directors (the &ldquo;<U>Board</U>&rdquo;), effective November 12,
2019. The departures of each of Messrs. Clark and Gaut are not the result of any disagreement with management or the Board. In
connection with their respective departures, the Compensation Committee and  the Board approved the accelerated vesting
of the unvested June 2019 restricted share units held by each of the retiring directors, effective  immediately prior to their
respective retirements. All other unvested restricted share unit awards held by the retiring directors will automatically vest
in accordance with their terms upon their respective retirements. In addition, another director of the Company will
not stand for reelection to the Board at the Company&rsquo;s next annual general meeting of shareholders to be held in 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Effective November
12, 2019, the Board appointed Georges J. Lambert to the Board. Mr. Lambert will be compensated for his service as director on the
same basis as other non-employee directors of the Company. Compensation for the Company&rsquo;s non-employee directors is described
in the Company&rsquo;s Proxy Statement for its 2019 Annual General Meeting of Shareholders as filed with the Securities and Exchange
Commission (the &ldquo;<U>SEC</U>&rdquo;) on March 29, 2019. In connection with his appointment as director, the Company will enter
into an indemnification agreement with Mr. Lambert. The agreement will be substantially identical to the agreements previously
entered into between the Company and its other directors and will generally provide that the Company will, in certain circumstances,
indemnify Mr. Lambert against any and all expenses, judgments, fines, penalties and amounts paid in settlement arising out of his
service to the Company. Also, the agreement will provide for the advancement of expenses in connection with a threatened, pending
or completed action, suit or proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Important Additional Information and Where to Find It</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white; text-align: justify">If Luminus Management,
LLC or one of its affiliates, and/or one or more other shareholders collectively owning 5% or more of the Company&rsquo;s outstanding
shares, requisitions a general meeting of shareholders (the &ldquo;<U>General Meeting</U>&rdquo;), the Company will file a proxy
statement (the &ldquo;<U>Proxy Statement</U>&rdquo;) with the SEC in connection with the solicitation of proxies for such General
Meeting, together with a WHITE proxy card. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; background-color: white; text-align: justify">Shareholders will
be able to obtain, free of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents
(including the WHITE proxy card) when filed by the Company with the SEC in connection with the General Meeting at the SEC&rsquo;s
website (http://www.sec.gov), at the Company&rsquo;s website (https://www.valaris.com/investors/financials/sec-filings/default.aspx)
or by contacting Investor Relations by phone at +1-713-789-1400, by email at ir.hdqrs@valaris.com or by mail at Valaris plc, Attention:
Investor Relations, 5847 San Felipe, Suite 3300, Houston, Texas 77057.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Participants in the Solicitation</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company, its directors
and certain of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from
shareholders in connection with the General Meeting. Additional information regarding the identity of these potential participants,
none of whom owns in excess of one percent of the Company&rsquo;s shares, and their direct or indirect interests, by security holdings
or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the General
Meeting. Information relating to the foregoing can also be found in the Company&rsquo;s definitive proxy statement for its 2019
annual general meeting of shareholders (the &ldquo;<U>2019 Proxy Statement</U>&rdquo;), filed with the SEC on March 29, 2019. To
the extent holdings of the Company&rsquo;s securities by such potential participants (or the identity of such participants) have
changed since the information printed in the 2019 Proxy Statement, such information has been or will be reflected on statements
of changes in beneficial ownership on Forms 4 and 5 filed with the SEC. You may obtain free copies of these documents using the
sources indicated above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.01</B></TD><TD><B>Regulation FD Disclosure</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: justify">On November 12, 2019, the Company issued
a press release announcing, among other matters, the retirement of Messrs. Clark and Gaut and the appointment of Mr. Lambert to
the Board of Directors. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated in this Item 7.01 by
reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information in
this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed &ldquo;filed&rdquo; for the
purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that Section. The information
in this Item 7.01 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities
Act of 1933, except as otherwise expressly stated in such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01.</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(d) Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 88%; text-align: justify; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 10%; text-align: left"><A HREF="tm1922470d3_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
    <TD STYLE="width: 2%">&nbsp;</TD><TD STYLE="text-align: justify; width: 88%"><A HREF="tm1922470d3_ex99-1.htm" STYLE="-sec-extract: exhibit">Press release of Valaris plc dated November 12, 2019</A></TD>
</TR>     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

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<TD>104</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: justify">Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL
document.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="vertical-align: top; font-size: 10pt">Dated:&nbsp;&nbsp;November 12, 2019</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt"><B>Valaris plc</B></TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; width: 50%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 3%; font-size: 10pt">By:</TD>
    <TD STYLE="vertical-align: top; width: 47%; border-bottom: Black 1pt solid; font-size: 10pt">/s/ Michael T. McGuinty</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Michael T. McGuinty</TD></TR>
<TR STYLE="font-size: 10pt">
    <TD STYLE="vertical-align: top; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt">Senior Vice President and General Counsel</TD></TR>
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<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30pt; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="text-align: justify; font-size: 10pt"><IMG SRC="tm1922470d3_ex99-1img01.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 35%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">6 Chesterfield Gardens<BR></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">London, England W1J 5BQ<BR></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">www.valaris.com<BR></P>
        <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>
        <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P></TD>
    <TD STYLE="width: 50%; text-align: right; font-size: 10pt"><FONT STYLE="font-size: 10pt"><B>Press Release</B></FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Valaris Announces Board Refreshment Plan,
Corporate Governance Enhancements and Progress on Value Creation Initiatives</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30.25pt; text-align: center">Appoints Georges Lambert to
the Board, Effective Immediately; Three Current Directors to Step Down; Commits to Appoint Second, New Independent Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 30.25pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Synergy Capture On-Track; Targeting Additional
$100 Million of Cost Reductions</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">London, England, November 12, 2019 &hellip;
Valaris plc (NYSE: VAL) (&ldquo;Valaris&rdquo; or the &ldquo;Company&rdquo;) today announced a Board refreshment program, enhancements
to the Company&rsquo;s corporate governance and a new $100 million cost reduction plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Carl G. Trowell, Executive Chairman of
the Board of Directors, said, &ldquo;Since the completion of the merger of Rowan and Ensco in April of 2019, the Board has been
focused on implementing best-in-class corporate governance practices that align with the execution of Valaris&rsquo; long-term
strategy, reflecting the input we have received from our broad-based shareholder engagement program and underscoring our commitment
to enhancing value for all our investors.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Board Refreshment Program and Governance
Enhancements</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has appointed Georges J. Lambert
as a new independent director, effective immediately. Additionally, current Valaris directors, C. Christopher Gaut and J. Roderick
Clark, are retiring from the Board, effective immediately, and a third director will not stand for re-election at the 2020 Annual
General Meeting of Shareholders (&ldquo;Annual General Meeting&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Underscoring the Company&rsquo;s commitment
to ongoing refreshment, Valaris has engaged Egon Zehnder, an internationally recognized independent search firm, to assist with
the Board&rsquo;s search for a second new, independent director with significant capital markets experience. With these changes,
the Valaris Board will be reduced to 10 directors following the Annual General Meeting. Further, upon the conclusion of Mr. Trowell&rsquo;s
term as Executive Chairman, which expires in October of 2020, the Board will appoint an independent Chairman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As previously disclosed on the Company&rsquo;s
third quarter earnings call, the Board has formed a Finance Committee to assist in its oversight of the Company&rsquo;s capital
structure and financial strategies. Mr. Lambert will become a member of the Finance Committee in conjunction with his appointment
to the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Prior to his appointment to the Board,
Mr. Lambert spent more than 20 years as an investment professional. Most recently, he was a Partner and Senior Vice President
for The Capital Group, where he served in various capacities as a portfolio manager and equity analyst across multiple sectors
including energy services and shipping. In addition, Mr. Lambert has significant corporate governance experience having been the
investment representative for Capital International&rsquo;s governance and stewardship engagements for several years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">William E. Albrecht, Independent Lead
Director of the Board, said, &ldquo;We are pleased to immediately add Georges to the Valaris Board. He brings a unique shareholder
perspective from his tenure at The Capital Group, as well as deep corporate governance expertise. I would also like to express
our sincere gratitude to Cris and Rod for their many valuable contributions, both before and after the completion of the merger.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Synergy Realization and Further
Cost Reductions</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to the Company&rsquo;s focus
on proactive balance sheet management and winning new contracts for its rig fleet, Valaris has made significant progress on its
integration. As of September 30, 2019, the Company reached annualized run rate synergies of approximately $115 million and is
on-track to realize its previously announced target of $165 million by the end of 2020.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, Valaris today announced that
it is targeting at least $100 million of incremental annual operating cost savings, which are expected to benefit the Company&rsquo;s
annual free cash flow by reducing operating expenses.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Thomas Burke, President and Chief Executive
Officer, said, &ldquo;The synergies we have achieved to date have come primarily from onshore corporate and operations support.
Recently, we have expanded our focus to optimizing all areas of cost within the business. Accordingly, while we continue to realize
the benefits of the merger, we are focused on achieving even greater efficiencies across our operations and expect to provide
more details on these cost savings initiatives before the end of the year. In the interim, we will continue to leverage our scale
to create additional value, while also maintaining our focus on operational excellence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;Valaris remains uniquely well positioned
amongst its peers for the anticipated market recovery. Our Board and management fully recognize the continued pressures in the
current market environment and remain focused on the delivery of both merger and additional cost savings, as well as optimizing
our capital structure. We will continue to take actions to maintain our position as the leading offshore driller.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><U>Engagement with Luminus Management</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Over the past several months, Valaris
has been engaged in discussions with representatives of Luminus Management, LLC (&quot;Luminus&quot;) regarding, among other things,
Luminus' views on return of capital and Board composition. In connection with such discussions, on September 5, 2019 the Company
and Luminus entered into an agreement (the &quot;Agreement&quot;) whereby the Company and Luminus each agreed to certain restrictions
on their activities while the parties worked to negotiate a longer term settlement agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The parties were unable to reach a mutually
satisfactory agreement and the restrictions under the Agreement expired on November 11, 2019, subject to certain agreed upon restrictions
which survive for an additional 15 business days. While the parties were unable to reach a formal agreement, the Board and executive
team remain committed to engaging with shareholders to identify and execute on opportunities to drive value. The Company looks
forward to continued constructive dialogue with Luminus and its broader shareholder base.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About Valaris plc</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Valaris plc (NYSE: VAL) is the industry
leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater
drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major
offshore basin. With an unwavering commitment to safety and operational excellence, and a focus on technology and innovation,
Valaris was rated first in total customer satisfaction in the latest independent survey by EnergyPoint Research - the ninth consecutive
year that the Company has earned this distinction. Valaris plc is an English limited company (England No. 7023598) with its corporate
headquarters located at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our website at <U>www.valaris.com</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Statements contained in this press release
that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include words or phrases
such as &quot;anticipate,&quot; &quot;believe,&quot; &quot;estimate,&quot; &quot;expect,&quot; &quot;intend,&quot; &quot;plan,&quot;
 &quot;project,&quot; &quot;could,&quot; &quot;may,&quot; &quot;might,&quot; &quot;should,&quot; &quot;will&quot; and similar words
and specifically include statements involving synergies and future cost savings; anticipated benefits, opportunities and effects
of the merger between Ensco and Rowan; expected financial performance; optimization of capital structure; and general market,
business and industry conditions, trends and outlook. The forward-looking statements contained in this press release are subject
to numerous risks, uncertainties and assumptions that may cause actual results to vary materially from those indicated, including
actions by regulatory authorities, rating agencies or other third parties; actions by our security holders; costs and difficulties
related to the integration of Ensco and Rowan and the related impact on our financial results and performance; our ability to
repay debt and the timing thereof; availability and terms of any financing; commodity price fluctuations, customer demand, new
rig supply, downtime and other risks associated with offshore rig operations, relocations, severe weather or hurricanes; changes
in worldwide rig supply and demand, competition and technology; future levels of offshore drilling activity; governmental action,
civil unrest and political and economic uncertainties; terrorism, piracy and military action; risks inherent to shipyard rig construction,
repair, maintenance or enhancement; possible cancellation, suspension or termination of drilling contracts as a result of mechanical
difficulties, performance, customer finances, the decline or the perceived risk of a further decline in oil and/or natural gas
prices, or other reasons, including terminations for convenience (without cause); our ability to enter into, and the terms of,
future drilling contracts; any failure to execute definitive contracts following announcements of letters of intent, letters of
award or other expected work commitments; the outcome of litigation, legal proceedings, investigations or other claims or contract
disputes; governmental regulatory, legislative and permitting requirements affecting drilling operations; our ability to attract
and retain skilled personnel on commercially reasonable terms; environmental or other liabilities, risks or losses; debt restrictions
that may limit our liquidity and flexibility; and cybersecurity risks and threats. In addition to the numerous factors described
above, you should also carefully read and consider &quot;Item 1A. Risk Factors&quot; in Part I and &quot;Item 7. Management's
Discussion and Analysis of Financial Condition and Results of Operations&quot; in Part II of our most recent annual report on
Form 10-K, as updated in our subsequent quarterly reports on Form 10-Q, which are available on the SEC's website at www.sec.gov
or on the Investor Relations section of our website at www.valaris.com. Each forward-looking statement speaks only as of the date
of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements, except
as required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Important Additional Information and
Where to Find It</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If Luminus Management, LLC or one of its
affiliates, and/or one or more other shareholders collectively owning 5% or more of the Company&rsquo;s outstanding shares, requisitions
a general meeting of shareholders (the &ldquo;<U>General Meeting</U>&rdquo;), the Company will file a proxy statement (the &ldquo;<U>Proxy
Statement</U>&rdquo;) with the SEC in connection with the solicitation of proxies for such General Meeting, together with a WHITE
proxy card. SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER
RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders will be able to obtain, free
of charge, copies of the Proxy Statement, any amendments or supplements thereto and any other documents (including the WHITE proxy
card) when filed by the Company with the SEC in connection with the General Meeting at the SEC&rsquo;s website (http://www.sec.gov),
at the Company&rsquo;s website (https://www.valaris.com/investors/financials/sec-filings/default.aspx) or by contacting Investor
Relations by phone at +1-713-789-1400, by email at ir.hdqrs@valaris.com or by mail at Valaris plc, Attention: Investor Relations,
5847 San Felipe, Suite 3300, Houston, Texas 77057.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Participants in the Solicitation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, its directors and certain
of its executive officers and other employees may be deemed to be participants in the solicitation of proxies from shareholders
in connection with the General Meeting. Additional information regarding the identity of these potential participants, none of
whom owns in excess of one percent of the Company&rsquo;s shares, and their direct or indirect interests, by security holdings
or otherwise, will be set forth in the Proxy Statement and other materials to be filed with the SEC in connection with the General
Meeting. Information relating to the foregoing can also be found in the Company&rsquo;s definitive proxy statement for its 2019
annual general meeting of shareholders (the &ldquo;<U>2019 Proxy Statement</U>&rdquo;), filed with the SEC on March 29, 2019.
To the extent holdings of the Company&rsquo;s securities by such potential participants (or the identity of such participants)
have changed since the information printed in the 2019 Proxy Statement, such information has been or will be reflected on statements
of changes in beneficial ownership on Forms 4 and 5 filed with the SEC. You may obtain free copies of these documents using the
sources indicated above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Investor &amp; Media Contacts:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Nick Georgas</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior Director &ndash; Investor Relations
and Communications</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">+1-713-430-4607</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Tim Richardson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Manager &ndash; Investor Relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">+1-713-430-4490</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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