<SEC-DOCUMENT>0001140361-22-032640.txt : 20220908
<SEC-HEADER>0001140361-22-032640.hdr.sgml : 20220908
<ACCEPTANCE-DATETIME>20220907191841
ACCESSION NUMBER:		0001140361-22-032640
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20220907
FILED AS OF DATE:		20220908
DATE AS OF CHANGE:		20220907

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:		221232227

	BUSINESS ADDRESS:	
		STREET 1:		S.E. PEARMAN BUILDING
		STREET 2:		2ND FLOOR 9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
		BUSINESS PHONE:		4722483000

	MAIL ADDRESS:	
		STREET 1:		S.E. PEARMAN BUILDING
		STREET 2:		2ND FLOOR 9 PAR-LA-VILLE ROAD
		CITY:			HAMILTON
		STATE:			D0
		ZIP:			HM11
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>brhc10041693_6k.htm
<DESCRIPTION>6-K
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using Broadridge PROfile 22.7.2.5062
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div>
    <div>
      <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
      <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;">September 07, 2022</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>
        <font style="font-style: normal;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form&#160;40-F:</font>
        <div style="font-style: normal;">&#160;</div>
        <div style="text-align: center; font-style: normal;">Form&#160;20-F &#9746; Form&#160;40-F &#9744;</div>
        <div style="text-align: center; font-style: normal;">&#160;</div>
        <div style="font-style: normal;">Indicate by check mark if the registrant is submitting the Form&#160;6-K on paper as permitted by Regulation S-T Rule&#160;101(b)(1): &#9744;</div>
        <div style="text-indent: 24pt; font-style: normal;">&#160;</div>
        <div style="font-style: normal;">Indicate by check mark if the registrant is submitting the Form&#160;6-K on paper as permitted by Regulation S-T Rule&#160;101(b)(7): &#9744;</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>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <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="brhc10041693_ex99-1.htm">99.1</a></div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Press Release</div>
              </td>
            </tr>

        </table>
        <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;"> <a href="brhc10041693_ex99-2.htm">99.2</a> </td>
                <td style="width: 95%; vertical-align: top;">Notice of Annual General Meeting of Shareholders</td>
              </tr>

          </table>
        </div>
        <div>&#160;<br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageBreak" style="page-break-after:always;">
            <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: 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 style="vertical-align: top;" colspan="2">
                <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: September 07, 2022</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/ Mi Hong Yoon</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>
                  <div>Mi Hong Yoon</div>
                </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>
      </div>
    </div>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>brhc10041693_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using Broadridge PROfile 22.7.2.5062
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
  <div>
    <div>
      <div>
        <div>
          <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font></div>
          <div><font style="font-weight: bold;"> <br>
            </font></div>
          <div>
            <div style="font-weight: bold;">Borr Drilling Limited - Notice of Annual General Meeting 2022</div>
            <div>&#160;</div>
            <div>The Annual General Meeting of Shareholders of Borr Drilling Limited (the "Company") will be held on September 30, 2022, in Bermuda.</div>
            <div>&#160;</div>
            <div>A copy of the Notice of Annual General Meeting and Form of Proxy will be distributed to shareholders by normal distribution methods and is attached to this release.
              Associated information including the Company's Annual Report can be found on the Company's website <u>www.borrdrilling.com</u>.</div>
            <div>&#160;</div>
            <div>Hamilton, Bermuda September 6, 2022</div>
            <div>&#160;</div>
            <div>This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.</div>
            <div>&#160;</div>
            <div><br>
            </div>
          </div>
        </div>
      </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>
  </div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>brhc10041693_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge
         Document created using Broadridge PROfile 22.7.2.5062
         Copyright 1995 - 2022 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
  <div style="text-align: right;"><font style="font-weight: bold;"> </font>
    <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
  <div style="text-align: right;"> <font style="font-weight: bold;">Exhibit 99.2<br>
      <br>
    </font> </div>
  <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;">September 30, 2022</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">NOTICE IS HEREBY</font> 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 <u>Friday,
        September 30, 2022 at 09:00 ADT </u>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: #000000;">To receive the audited consolidated financial statements of the Company for the year ended December 31, 2021.</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; color: #000000;">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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">1.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To set the maximum number of Directors to be not more than seven.</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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">2.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorized to fill such vacancies as and when it deems fit.</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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">4.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">5.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">6.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To re-elect Mi Hong Yoon 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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">7.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="color: #000000;">To re-appoint PricewaterhouseCoopers LLP as auditors and to authorize 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">

        <tr>
          <td style="width: 28.35pt; vertical-align: top; align: right; color: #000000;">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 ending December 31, 2022.</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;">Mi Hong Yoon</div>
    <div style="text-align: center;">Secretary</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman'; font-size: 10pt;" id="zbb9b6127071944eda3a35f2068b13cc9" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="vertical-align: top; width: 45pt;">
              <div style="text-align: justify;">Dated:</div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: justify;">September 6, 2022</div>
            </td>
          </tr>

      </table>
    </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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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 September 6, 2022, 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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* 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;">* At the time of publication of this Notice, it is anticipated that the AGM will proceed as a hybrid meeting, which means the Shareholders are able to join and participate in the
      meeting either physically in person at the Registered Office (to the extent it is permitted in accordance with government guidance, which may change after the publication of this Notice), or via electronic remote participation.&#160; We strongly encourage
      Shareholders to participate remotely and submit a proxy electronically.</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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; font-style: italic;">3.</td>
          <td style="width: auto; vertical-align: top; text-align: justify;">
            <div style="font-style: italic;">The resolutions set out above are Ordinary Resolutions, 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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 id="DSPFPageFooter"></div>
      <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 id="DSPFPageHeader"></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 SEPTEMBER 30, 2022.</div>
    <div style="text-align: justify; font-weight: bold;"> <br>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 80%; 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;">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, 2021 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>
    <br>
    <div>
      <hr noshade="noshade" align="center" style="height: 2px; width: 80%; 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;">COMPANY PROPOSALS</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">PROPOSALS 1 and 2 &#8211; MAXIMUM NUMBER OF DIRECTORS AND</div>
    <div style="text-align: center; font-weight: bold;">VACANCIES IN THE NUMBER OF DIRECTORS</div>
    <div><br>
    </div>
    <div style="text-align: justify;">It is proposed, in accordance with Bye-law 98, that the maximum number of Directors is seven.&#160; It is further proposed, in accordance with Bye-law 98, vacancies in the number of Directors be designated casual vacancies
      and that the Board of Directors be authorized to fill such casual vacancies as and when it deems fit.&#160; Any director appointed to fill such a casual vacancy 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: center; font-weight: bold;">PROPOSALS 3, 4, 5 and 6 &#8211; ELECTION OF DIRECTORS</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Board has nominated the four 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);">

        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="font-weight: bold; margin-left: 18pt;"><u>Name</u></div>
          </td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;"><u>Age</u></div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: justify; font-weight: bold;"><u>Director since</u></div>
          </td>
          <td style="width: 45%; 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: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Tor Olav Tr&#248;im</div>
          </td>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">59</div>
          </td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">2016</div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <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: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Alexandra Kate Blankenship</div>
          </td>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">57</div>
          </td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">2019</div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <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: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify;">and Benefits Committee Chair</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">
            <div style="text-align: justify;">Neil Glass</div>
          </td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: justify;">61</div>
          </td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: justify;">2019</div>
          </td>
          <td style="width: 45%; 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; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">&#160;</td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Governance Committee Chair</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 30%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Mi Hong Yoon</div>
          </td>
          <td style="width: 10%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">51</div>
          </td>
          <td style="width: 15%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">2022</div>
          </td>
          <td style="width: 45%; vertical-align: top; background-color: rgb(204, 238, 255);">
            <div style="text-align: justify;">Director and Secretary</div>
          </td>
        </tr>

    </table>
    <div><br>
    </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
      and was appointed Chairman of the Board again in February 2022.&#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 over 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 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; Other directorships and management positions include, Magni Partners (Bermuda) Limited (Founding Partner), Golar LNG Limited (Chairman), Stolt-Nielsen SA. (Director), Magni Sports AS (Director) and
      Valerenga Football AS (Director).&#160; Mr. Tr&#248;im is a Norwegian citizen and a resident of the United Kingdom.</div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <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 id="DSPFPageHeader"></div>
    </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 International Seaways, Inc.&#160; Mrs. Blankenship is a United Kingdom citizen and resident.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><a name="z_Hlk12354592"></a><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. 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 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, including as
      a Director and Audit Committee Member of 2020 Bulkers Ltd. from June 2020 until August 2022 and of Golar LNG Partners LP from September 2020 until April 2021.&#160; Mr. Glass also serves as a Director and Audit Committee Chair of Cool Company Ltd.&#160; Mr.
      Glass is a Canadian citizen and a British Overseas Territories Citizen and a resident of Bermuda.</div>
    <div><br>
    </div>
    <div style="text-align: justify;"><font style="font-weight: bold;">Mi Hong Yoon</font> joined the Company as a Director on our Board and as our Company Secretary on March 1, 2022.&#160; Ms. Yoon is a Managing Director of Golar Management (Bermuda) Limited
      since February 2022.&#160; Prior to this role, she was employed by Digicel Bermuda as Chief Legal, Regulatory and Compliance Officer from March 2019 until February 2022 and also served as Senior Legal Counsel of Telstra Corporation Limited&#8217;s global
      operations in Hong Kong and London from 2009 to 2019.&#160; She has extensive international legal and regulatory experience and is responsible for the corporate governance and compliance of the Company.&#160; Ms. Yoon graduated from the University of New South
      Wales with a Bachelor of Law degree (LLB) and earned a Master&#8217;s degree (LLM) in international economic law from the Chinese University of Hong Kong.&#160; She is a member of the Institute of Directors and has held several director positions over the
      years.&#160; Current directorships and management positions include 2020 Bulkers Ltd. (Director and Secretary until August 10, 2022), Himalaya Shipping Ltd. (Director and Secretary) and Cool Company Ltd. (Director and Secretary).&#160;&#160; Ms. Yoon is an
      Australian citizen and a resident of Bermuda.</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 authorize the Board of Directors to determine
      the auditors&#8217; remuneration.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Audit services in 2021 provided by PricewaterhouseCoopers LLP included the examination of the consolidated financial statements of the Company and its subsidiaries.</div>
    <div><br>
    </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 ending December 31, 2022.</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <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 id="DSPFPageHeader"></div>
    </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.&#160; Should any additional matters come before the
      Annual General Meeting, it is intended that proxies in the accompanying form will be voted in accordance with the judgement of the person or persons named in the proxy.</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;">Mi Hong Yoon</div>
    <div style="text-align: center;">Secretary</div>
    <div><br>
    </div>
    <div>September 6, 2022</div>
    <div>Hamilton, Bermuda</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageFooter"></div>
      <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 id="DSPFPageHeader"></div>
    </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 September 30, 2022.</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$0.10 each of the above-named</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Company on the record date of September 6, 2022 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 September 30, 2022 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" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td rowspan="1" colspan="1" style="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); width: 1%;"><br>
          </td>
          <td rowspan="1" colspan="2" style="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: 10%; 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: 10%; 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: 10%; 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 colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">1.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To set the maximum number of Directors to be not more than seven.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">2.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To resolve that vacancies in the number of directors be designated casual vacancies and that the Board of Directors be authorized to fill such casual vacancies as and when it deems fit.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">3.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To re-elect Tor Olav Tr&#248;im as a Director of the Company.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">4.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div><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: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">5.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To re<font style="font-weight: bold;">-</font>elect Neil J. Glass as a Director of the Company.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">6.</td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To re-elect Mi Hong Yoon as a Director of the Company.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><font style="color: rgb(0, 0, 0);">7.</font></td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <div>To re-appoint PricewaterhouseCoopers LLP as auditors and to authorize the Directors to determine their remuneration.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
        </tr>
        <tr>
          <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td colspan="1" style="width: 5%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">8.<br>
          </td>
          <td style="width: 64%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
            <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 ending December 31, 2022.</div>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </td>
          <td style="width: 10%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);"><br>
          </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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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 authorized 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right; 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 September 28th, 2022, at 12:00 CET.</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; <u>vote@dnb.no</u></div>
    <div style="text-align: justify; font-weight: bold;"><u> <br>
      </u></div>
    <br>
    <div style="text-align: justify; font-weight: bold;"><u> </u>
      <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>
</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
