<SEC-DOCUMENT>0001140361-21-018293.txt : 20210521
<SEC-HEADER>0001140361-21-018293.hdr.sgml : 20210521
<ACCEPTANCE-DATETIME>20210521101010
ACCESSION NUMBER:		0001140361-21-018293
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210520
FILED AS OF DATE:		20210521
DATE AS OF CHANGE:		20210521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Borr Drilling Ltd
		CENTRAL INDEX KEY:			0001715497
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39007
		FILM NUMBER:		21947020

	BUSINESS ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
		BUSINESS PHONE:		4722483000

	MAIL ADDRESS:	
		STREET 1:		THISTLE HOUSE
		STREET 2:		4 BURNABY STREET
		CITY:			HAMILTON HM 11
		STATE:			D0
		ZIP:			0000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc10024962_6k.htm
<DESCRIPTION>6-K
<TEXT>
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      <div>
        <div style="text-align: center; font-size: 14pt; font-weight: bold;"> UNITED STATES<br>
        </div>
        <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
        <div>&#160;</div>
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        <div> <br>
        </div>
        <div style="text-align: center; font-weight: bold; font-size: 18pt;">FORM 6-K</div>
        <div>
          <div>&#160;</div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        <br>
        <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
        <div style="text-align: center; font-weight: bold;">PURSUANT TO RULE 13a-16 OR 15d-16</div>
        <div style="text-align: center; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">May 20, 2021</div>
        <div>&#160;</div>
        <div style="text-align: center; font-weight: bold;">Commission File Number 001-39007</div>
        <div>&#160;</div>
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        <br>
        <div style="text-align: center; font-size: 24pt; font-weight: bold;">Borr Drilling Limited</div>
        <div>&#160;</div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
        <div style="text-align: center; font-weight: bold;">
          <div>S. E. Pearman Building</div>
        </div>
        <div style="text-align: center; font-weight: bold;">2nd Floor 9 Par-la-Ville Road</div>
        <div style="text-align: center; font-weight: bold;">Hamilton HM11</div>
        <div style="text-align: center; font-weight: bold;">Bermuda</div>
        <div style="text-align: center; font-weight: bold;">(Address of principal executive office)</div>
        <br>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
        <div> <br>
        </div>
        <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
        <div>&#160;</div>
        <div style="text-align: center;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: #000000; width: 100%;">

              <tr>
                <td style="width: 48%; text-align: right;">Form 20-F&#160; &#9746;</td>
                <td style="width: 4%;"><br>
                </td>
                <td style="width: 48%;">Form 40-F&#160; &#9744;</td>
              </tr>

          </table>
          <br>
        </div>
        <div>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</div>
        <div>&#160;</div>
        <div style="text-align: center;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; color: rgb(0, 0, 0); width: 100%;">

              <tr>
                <td style="width: 48%; text-align: right;">Yes&#160; &#9744;</td>
                <td style="width: 4%;"><br>
                </td>
                <td style="width: 48%;">No&#160; &#9746;</td>
              </tr>

          </table>
          <div style="text-align: left;"><br>
          </div>
        </div>
        <div>If &#8216;&#8216;Yes&#8217;&#8217; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</div>
        <div><br>
        </div>
        <div>
          <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;"></div>
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            <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
        </div>
        <div><u>Exhibits</u></div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 5%; vertical-align: top;">
                <div><a href="brhc10024962_ex99-1.htm">99.1</a></div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Press Release</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
          <div style="page-break-after:always;" id="DSPFPageBreak">
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        </div>
        <div style="text-align: center; font-weight: bold;">&#160;SIGNATURES</div>
        <div>&#160;</div>
        <div>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, thereunto duly authorized.</div>
        <div>&#160;</div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td colspan="2" style="vertical-align: top;">
                <div style="font-weight: bold;">BORR DRILLING LIMITED</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: middle;">&#160;</td>
              <td style="width: 5%; vertical-align: middle;">&#160;</td>
              <td style="width: 45%; vertical-align: middle;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">
                <div>Date: May 20, 2021</div>
              </td>
              <td style="width: 5%; vertical-align: top; padding-bottom: 2px;">
                <div>By:</div>
              </td>
              <td style="width: 45%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                <div>/s/ Georgina Sousa</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div>Name:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">
                <div>Georgina Sousa</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">
                <div>&#160;</div>
              </td>
              <td style="width: 5%; vertical-align: top;">
                <div>Title:</div>
              </td>
              <td style="width: 45%; vertical-align: top;">
                <div>Director</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <br>
        <div>
          <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10024962_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
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    <div>
      <div style="text-align: right; font-weight: bold;"> Exhibit 99.1<br>
      </div>
      <div style="text-align: center; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; font-weight: bold;">BORR DRILLING LIMITED</div>
      <div style="text-align: center; font-weight: bold;">NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS</div>
      <div style="text-align: center; font-weight: bold;">June 24, 2021</div>
      <div><br>
      </div>
      <div style="text-align: justify;">NOTICE IS HEREBY given that the Annual General Meeting of Shareholders of Borr Drilling Limited (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) will be held on June 24, 2021 at 9:30 a.m. (Bermuda time) at the
        Registered Office of the Company, 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup> Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton HM 11, Bermuda for the following purposes, all of which are more completely set forth in the accompanying information statement:</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: -36pt; margin-left: 36pt; color: rgb(0, 0, 0);">To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2020.</div>
      <div><br>
      </div>
      <div style="text-align: justify; text-indent: 0pt; color: rgb(0, 0, 0);">To consider the following Company proposals:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z45fd733a45914848815049b121ed678f">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="color: rgb(0, 0, 0);">To re-elect </font>P&#229;l Kibsgaard<font style="color: rgb(0, 0, 0);"> as a Director of the Company.</font></div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze68ed87054804ab883d975cda0b08d2e">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To re-elect Tor Olav Tr&#248;im as a Director of the Company.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4d368349e59a41c9b0dcc0a4cad63ab6">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To re-elect Alexandra Kate Blankenship as a Director of the Company.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z40245cf806be4f258f99da3cf5d984cf">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">4.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To re-elect Georgina E. Sousa as a Director of the Company.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z76a21e210c02438c83cfcf2b1e1e4a84">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">5.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To re-elect Neil J. Glass as a Director of the Company.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze5dbbe3add1e4b95b05b7015cbc9d5d9">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">6.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To approve the increase of the Company&#8217;s authorized share capital from US$14,500,000.00 divided into 290,000,000 common shares of US$0.05 par value each to US$18,000,000.00 divided into 360,000,000 common
                shares of US$0.05 par value each by the authorization of an additional 70,000,000 common shares of US$0.05 par value each.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze514bae6ea1644bc83ce49b1591d03c6">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">7.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="color: rgb(0, 0, 0);">To re-appoint PricewaterhouseCoopers LLP as auditors and to authorise the Directors to determine their remuneration.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zc5ae31574afc4140b4d99af78fcb14eb">

          <tr>
            <td style="width: 28.35pt; vertical-align: top; color: rgb(0, 0, 0);">8.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div>To approve remuneration of the Company&#8217;s Board of Directors of a total amount of fees not to exceed US$1,200,000 for the year ended December 31, 2021.</div>
            </td>
          </tr>

      </table>
      <div>&#160;</div>
      <div style="text-align: center;">By Order of the Board of Directors</div>
      <div><br>
      </div>
      <div style="text-align: center;">Georgina Sousa</div>
      <div style="text-align: center;">Secretary</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Dated:&#160;&#160; May 20, 2021</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-style: italic;">Notes:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2524e758a8ed4e07bd6385a155bb1a02">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">The Board of Directors has fixed the close of business on May 10, 2021, as the record date for the determination of the shareholders entitled to attend and vote at the Annual General Meeting or any adjournment
                thereof.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z43ff0e31c4fa4ccd96d9ebbb1ae6724f">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">No Shareholder shall be entitled to attend unless written notice of the intention to attend and vote in person<font style="color: rgb(255, 0, 0);">**</font>&#160; or by proxy, together with the power of attorney or
                other authority (if any) under which it is signed, or a notarially-certified copy of that power of attorney, is sent to the Company Secretary, to reach the Registered Office by not later than 48 hours before the time for holding the
                meeting.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 18pt; font-style: italic;"><font style="color: rgb(255, 0, 0);">**</font> Due to the current COVID-19 travel restrictions, we recognize that it may not be possible for most shareholders to travel to
        Bermuda and we will therefore provide conference call details for any shareholders who request same not later than 48 hours before the time for holding the meeting having met the conditions as set out in Note 2 above.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zfd71b53824484a86b0bf9d6fe3818e81">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">Each of the resolutions set out above is an Ordinary Resolution, approval of which will require the affirmative vote of a majority of the votes cast.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd5e587a18736481a982cdd114bb0e6b3">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">4.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">A Form of Proxy is enclosed for use by holders of shares registered in Norway in connection with the business set out above. Holders of shares registered in the United States should use the separate Form of
                Proxy provided.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="page-break-after:always;" id="DSPFPageBreak">
          <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
      </div>
      <div style="text-align: justify; font-weight: bold;">INFORMATION CONCERNING SOLICITATION AND VOTING FOR THE ANNUAL GENERAL MEETING OF SHAREHOLDERS (THE &#8220;MEETING&#8217;) OF BORR DRILLING LIMITED TO BE HELD ON JUNE 24, 2021.</div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 80%; color: #000000; text-align: center;"><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PRESENTATION OF FINANCIAL STATEMENTS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">In accordance with Section 84 of the Bermuda Companies Act 1981, the audited consolidated financial statements of the Company for the year ended December 31, 2020 will be presented at the Meeting.&#160; These statements
        have been approved by the Directors of the Company.&#160; There is no requirement under Bermuda law that such statements be approved by shareholders, and no such approval will be sought at the Meeting.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Company&#8217;s audited consolidated financial statements are available on our website at <u>www.borrdrilling.com</u>.&#160; Shareholders can request a hard copy free of charge upon request by writing to us at: 2<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">nd</sup>
        Floor, S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton, HM 11, Bermuda, or send an e-mail to: ir@borrdrilling.com.</div>
      <div><br>
      </div>
      <div>
        <div><br>
        </div>
        <div>
          <hr noshade="noshade" align="center" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto; height: 2px; width: 80%; color: #000000; text-align: center;"></div>
      </div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">COMPANY PROPOSALS</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PROPOSALS 1, 2, 3, 4, and 5 &#8211; ELECTION OF DIRECTORS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The Board has nominated the five persons listed below for selection as Directors of the Company, all of whom are presently members of the Board of Directors.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">As provided in the Company's Bye-laws, each Director is elected at each Annual General Meeting of Shareholders and shall hold office until the next Annual General Meeting following his or her election or until his or
        her successor is elected.</div>
      <div><br>
      </div>
      <div style="text-align: justify; font-weight: bold;">Nominees For Election To The Company's Board of Directors</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Information concerning the nominees for selection as Directors of the Company is set forth below:</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zab36e9e597c7432da19275c573efecc2">

          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold; margin-left: 9pt;"><u>Name</u></div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><u>Age</u></div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;"><u>Director since</u></div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify; font-weight: bold;"><u>Position with the Company</u></div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify;">P&#229;l Kibsgaard</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center;">54</div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify;">2019</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Director and Chairman of the Board</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify;">Tor Olav Tr&#248;im</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center;">58</div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify;">2016</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Director and Deputy Chairman of the Board</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify;">Alexandra Kate Blankenship</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center;">56</div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify;">2019</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Director, Audit Committee Chair and Compensation</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">and Benefits Committee Member</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify;">Georgina E. Sousa</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center;">71</div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify;">2019</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Director and Company Secretary</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">
              <div style="text-align: justify;">Neil Glass</div>
            </td>
            <td style="width: 20%; vertical-align: top;">
              <div style="text-align: center;">59</div>
            </td>
            <td style="width: 25.11%; vertical-align: top;">
              <div style="text-align: justify;">2019</div>
            </td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Director, Audit Committee Member and Nominating and</div>
            </td>
          </tr>
          <tr>
            <td style="width: 30%; vertical-align: top;">&#160;</td>
            <td style="width: 20%; vertical-align: top; text-align: center;">&#160;</td>
            <td style="width: 25.11%; vertical-align: top;">&#160;</td>
            <td style="width: 25%; vertical-align: top;">
              <div style="text-align: justify;">Governance Committee Chair</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">P&#229;l Kibsgaard </font>has served as a director and Chairman of the Board since October 2019 and serves on our Compensation and Nominating and Governance Committees.&#160; Mr. Kibsgaard has
        held a variety of global senior management positions at Schlumberger Limited, including Chairman and CEO, COO, President of the Reservoir Characterization Group, vice-president of engineering, manufacturing and sustaining and vice-president of
        human resources.&#160; Earlier in his Schlumberger career, Mr. Kibsgaard was geomarket manager for the Caspian region after holding various field positions in sales, marketing and customer support.&#160; Mr. Kibsgaard is currently chief executive officer of
        Katerra, a US construction technology company.&#160; Mr. Kibsgaard holds a Masters degree from the Norwegian Institute of Technology and is a petroleum engineer.&#160; Mr. Kibsgaard is a Norwegian citizen and a resident of the United States of America.</div>
      <div><br>
      </div>
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      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Tor Olav Tr&#248;im</font> has served as a Director on our Board since our incorporation and was our founder.&#160; He served as the Chairman of the Board from August 2017 until September
        2019.&#160; Mr. Tr&#248;im is founder and sole shareholder of Magni Partners. He is the senior partner (and an employee) of Magni Partners&#8217; subsidiary, Magni Partners Limited, in the U,K.&#160; Mr. Tr&#248;im is a beneficiary of the Drew Trust, and the sole
        shareholder of Drew Holdings Limited.&#160; Mr. Tr&#248;im has 30 years of experience in energy related industries in various positions.&#160; Before founding Magni Partners in 2014, Mr. Tr&#248;im was a Director of Seatankers Management Co. Ltd. from 1995 until
        September 2014.&#160; He was Chief Executive Officer of DNO AS from 1992 to 1995 and an Equity Portfolio Manager with Storebrand ASA from 1987 to 1990.&#160; Mr. Tr&#248;im graduated with an MSc degree in naval architecture from the University of Trondheim,
        Norway in 1985.&#160; Mr. Tr&#248;im is a Norwegian citizen and a resident of the United Kingdom.&#160; Other directorships and management positions include, Magni Partners (Bermuda) Limited (Founding Partner), Golar LNG Limited (Chairman), Golar LNG Partners LP
        (Chairman) (until April 15, 2021), Stolt-Nielsen SA. (Director), Magni Sports AS (Director) and Valerenga Football AS (Director).</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Alexandra Kate Blankenship </font>has served as a Director on our Board and as Chair of our Audit Committee since February 26, 2019.&#160; Mrs. Blankenship also serves on the Compensation
        Committee.&#160; Mrs. Blankenship is a Member of the Institute of Chartered Accountants in England and Wales and graduated from the University of Birmingham with a Bachelor of Commerce in 1986.&#160; Mrs. Blankenship joined Frontline Ltd., in 1994 and served
        as its Chief Accounting Officer and Company Secretary until October 2005.&#160; Among other positions, she has served on the board of numerous companies, including as director and audit committee chairperson of North Atlantic Drilling Ltd., from 2011 to
        2018, Archer Limited from 2007 to 2018, Golden Ocean Group Limited from 2004 to 2018, Frontline Ltd., from August 2003 to 2018, Avance Gas Holding Limited from 2013 to 2018, Ship Finance International Limited from October 2003 to 2018, Seadrill
        Limited from 2005 to 2018 and Seadrill Partners LLC from 2012 to 2018.&#160; Mrs. Blankenship also serves as a Director of 2020 Bulkers Ltd. and Diamond S Shipping Inc.&#160; Mrs. Blankenship is a United Kingdom citizen and resident.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Georgina Sousa</font>&#160;<a name="z_Hlk12354592"></a>has served as a Director on our Board and our Company Secretary since February 2019. Ms. Sousa was employed by Frontline Ltd. as Head
        of Corporate Administration from February 2007 until December 2018.<font style="color: rgb(237, 92, 87);">&#160;</font>She also serves as a director and company secretary of Golar LNG Limited and 2020 Bulkers Ltd., since 2019 and Golar LNG Partners LP
        (until April 15, 2021). She previously served as a director of Frontline from April 2013 until December 2018, Ship Finance International Limited from May 2015 until September 2016, North Atlantic Drilling Ltd. from September 2013 until June 2018,
        Sevan Drilling Limited from August 2016 until June 2018, Northern Drilling Ltd. from March 2017 until December 2018 and Flex LNG Ltd. from June 2017 until December 2018.&#160; Ms. Sousa also served as a Director of Seadrill Limited from November 2015
        until July 2018.&#160; Ms. Sousa served as Secretary for all of the abovementioned companies at various times during the period between 2005 and 2018. She served as secretary of Archer Limited from 2011 until December 2018 and Seadrill Partners LLC from
        2012 until 2017. Ms. Sousa is a United Kingdom citizen and a resident of Bermuda.</div>
      <div><br>
      </div>
      <div style="text-align: justify;"><font style="font-weight: bold;">Neil Glass</font> has served as a Director on our Board since December 2019 and also serves as an Audit Committee Member and Chairs our Nominating and Governance Committee.&#160; Mr. Glass
        worked for Ernst &amp; Young for 11 years: seven years with the Edmonton, Canada office and four years with the Bermuda office.&#160; In 1994, he became General Manager and in 1997 the sole owner of WW Management Limited, tasked with overseeing the
        day-to-day operations of several international companies. Mr. Glass has over 20 years&#8217; experience as both an executive director and as an independent non-executive director of international companies.&#160; Mr. Glass is a member of both the Chartered
        Professional Accountants of Bermuda and of Alberta, Canada, and is a Chartered Director and Fellow of the Institute of Directors. Mr. Glass graduated from the University of Alberta in 1983 with a degree in Business.&#160; Mr. Glass also serves as a
        Director and Audit Committee Member of 2020 Bulkers Ltd. and Golar LNG Partners LP (until April 15, 2021).&#160; Mr. Glass is a Canadian citizen and a resident of Bermuda.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PROPOSAL 6 &#8211; TO APPROVE THE INCREASE IN THE COMPANY&#8217;S AUTHORISED SHARE CAPITAL</div>
      <div><br>
      </div>
      <div style="text-align: justify;">The authorised share capital of the Company is currently US$14,500,000.00 divided into 290,000,000 common shares of US$0.05 par value each of which 274,436,351 common shares are in issue.&#160; At the Meeting the Board
        will ask the Shareholders to approve the increase of the Company&#8217;s authorised share capital from US$14,500,000.00 divided into 290,000,000 common shares of US$0.05 par value each <font style="color: rgb(0, 0, 0);">to US$18,000,000.00 divided into
          360,000,000 common</font> shares of US$0.05 par value each by the authorisation of an additional 70,000,000 common shares of US$0.05 par value each.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">PROPOSAL 7 &#8211; RE-APPOINTMENT OF INDEPENDENT AUDITORS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">At the Meeting, the Board will ask the shareholders to approve the re-appointment of PricewaterhouseCoopers of London, England as the Company's independent auditors and to authorise the Board of Directors to
        determine the auditors&#8217; remuneration.</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Audit services in 2020 provided by PricewaterhouseCoopers LLP included the examination of the consolidated financial statements of the Company and its subsidiaries.</div>
      <div><br>
      </div>
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      </div>
      <div style="text-align: center; font-weight: bold;">PROPOSAL 8 &#8211; TO APPROVE DIRECTORS&#8217; REMUNERATION</div>
      <div><br>
      </div>
      <div style="text-align: justify;">At the Meeting, the Board will ask the shareholders to approve remuneration of the Company&#8217;s Board of Directors of a total amount of fees not to exceed US$1,200,000 for the year ended December 31, 2021.</div>
      <div><br>
      </div>
      <div style="text-align: center; font-weight: bold;">OTHER BUSINESS</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Management knows of no business that will be presented for consideration at the Annual General Meeting other than that stated in the Notice of Annual General Meeting.</div>
      <div><br>
      </div>
      <div style="text-align: center;">By Order of the Board of Directors</div>
      <div><br>
      </div>
      <div style="text-align: center;">Georgina Sousa</div>
      <div style="text-align: center;">Secretary</div>
      <div><br>
      </div>
      <div style="text-align: center;">May 20, 2021</div>
      <div style="text-align: center;">Hamilton, Bermuda</div>
      <div><br>
      </div>
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      </div>
      <div style="text-align: center; font-weight: bold;">Borr Drilling Limited (the &#8220;Company&#8221;)</div>
      <div style="text-align: center; font-weight: bold;">Form of Proxy for use at Annual General Meeting to be held on June 24, 2021.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">I/We &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..</div>
      <div><br>
      </div>
      <div style="text-align: justify;">being (a) holder(s) of &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230; Ordinary Shares of US$0.05 each of the above-named</div>
      <div><br>
      </div>
      <div style="text-align: justify;">Company on the record date of May 10, 2021 hereby appoint the duly appointed Chairman of the meeting or &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</div>
      <div style="text-align: justify;">to act as my/our proxy at the Annual General Meeting of the Company to be held on June 24, 2021 or at any adjournment thereof, and to vote on my/our behalf as directed below.</div>
      <div>&#160;</div>
      <div style="text-align: justify;">Please indicate with an X in the spaces provided how you wish your vote(s) to be cast on a poll.&#160; Should this card be returned duly signed, but without a specific direction, the proxy will vote or abstain at his
        discretion.</div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z3a11cc323b2e4a93b3a70bd04c4ccb4b">

          <tr>
            <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-style: italic;">Proposals</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">For</div>
            </td>
            <td style="width: 12.25%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">Against</div>
            </td>
            <td style="width: 12.25%; vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
              <div style="text-align: center; font-style: italic;">Abstain</div>
            </td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">1.&#160;&#160;&#160;&#160; To re-elect P&#229;l Kibsgaard as a Director of the Company.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">2.&#160;&#160;&#160;&#160; To re-elect Tor Olav Tr&#248;im as a Director of the Company.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">3.&#160;&#160;&#160;&#160; <font style="color: rgb(0, 0, 0);">To re-elect Alexandra Kate Blankenship as a Director of the Company.</font></div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">4.&#160;&#160;&#160;&#160; To re<font style="font-weight: bold;">-</font>elect Georgina E. Sousa as a Director of the Company.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">5.&#160;&#160; &#160; To re-elect Neil J. Glass as a Director of the Company.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: justify; text-indent: -18pt; margin-left: 18pt;">6. &#160; <font style="color: rgb(0, 0, 0);">To approve the increase of the Company&#8217;s authorized share capital from US$14,500,000.00 divided into 290,000,000 common shares
                  of US$0.05 par value each to US$18,000,000.00 divided into 360,000,000 common shares of US$0.05 par value each by the authorization of an additional 70,000,000 common shares of US$0.05 par value each.</font></div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;"><font style="color: rgb(0, 0, 0);">7.</font>&#160;&#160;&#160; To re-appoint PricewaterhouseCoopers LLP as auditors and to authorise the Directors to determine their remuneration.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
            <td style="width: 62%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-indent: -18pt; margin-left: 18pt;">8.&#160;&#160;&#160; To approve remuneration of the Company&#8217;s Board of Directors of a total amount of fees not to exceed US$1,200,000 for the year ended December 31, 2021.</div>
            </td>
            <td style="width: 12.24%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
            <td style="width: 12.25%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div>Date &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..&#160; &#160; &#160; Signature &#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</div>
      <div>&#160;</div>
      <div style="text-align: justify; font-style: italic; font-weight: bold;">Notes:</div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z93f5ffcebabf409598b0a88194961494">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">1.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">A Shareholder entitled to attend and vote at a meeting may appoint one or more proxies to attend and, on a poll, vote instead of him.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z8c310e05b66240658f194b914a4e3547">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">2.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">Proxies appointed by a single Shareholder need not all exercise their vote in the same manner.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z27bdc30e6fa74570ae817f58d34419bd">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">3.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">In the case of joint holders, the vote of the senior who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holders.&#160; For this purpose, seniority
                is determined by the order in which the names stand in the Register of Members.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z500238688af6447181358bb18ffc9a3e">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">4.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">In the case of a corporation, this proxy must be given under its common seal or be signed on its behalf by a duly authorised officer or attorney.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbf6db3b7641e46f9b01d512b0f49c955">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">5.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">If it is desired to appoint by proxy any person other than the Chairman of the Meeting, his/her name should be inserted in the relevant place, reference to the Chairman deleted and the alteration initialled.</div>
            </td>
          </tr>

      </table>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze449dbaf9c9d4ec18e5d8eb4dbf0bc61">

          <tr>
            <td style="width: 18pt; vertical-align: top; font-style: italic;">6.</td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div style="font-style: italic;">This proxy should be completed and sent to the following address by not later than 48 hours before the time for holding the meeting.</div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt;">Holders of Shares registered on the Oslo Stock Exchange should return their Proxy Forms to:</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; font-weight: bold;">DNB Bank ASA</div>
      <div style="text-align: justify; margin-left: 36pt; font-weight: bold;">Registrars Department</div>
      <div style="text-align: justify; margin-left: 36pt;">PO Box 1600 Sentrum</div>
      <div style="text-align: justify; margin-left: 36pt;">0021 Oslo, Norway</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 36pt; font-weight: bold;">Or via e-mail to:&#160; vote@dnb.no</div>
      <div style="text-align: justify; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-weight: bold;"> <br>
      </div>
      <div style="text-align: justify; font-weight: bold;">
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