<SEC-DOCUMENT>0001140361-23-056226.txt : 20231204
<SEC-HEADER>0001140361-23-056226.hdr.sgml : 20231204
<ACCEPTANCE-DATETIME>20231204172631
ACCESSION NUMBER:		0001140361-23-056226
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231201
FILED AS OF DATE:		20231204
DATE AS OF CHANGE:		20231204

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:		231464446

	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>ef20015958_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>
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        <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;">December 1, 2023</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>
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        </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="ef20015958_ex99-1.htm">99.1</a></div>
              </td>
              <td style="width: 95%; vertical-align: top;">
                <div>Press Release</div>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 5%; vertical-align: top;"><br>
              </td>
              <td rowspan="1" style="width: 95%; vertical-align: top;"><br>
              </td>
            </tr>
            <tr>
              <td rowspan="1" style="width: 5%; vertical-align: top;"><a href="ef20015958_ex99-2.htm">99.2<br>
                </a></td>
              <td rowspan="1" style="width: 95%; vertical-align: top;">
                <div style="font-family: 'Times New Roman';">Notice Of A Special General Meeting Of The Shareholders</div>
              </td>
            </tr>

        </table>
        <div>&#160;</div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <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: December 1, 2023</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>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ef20015958_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <div style="font-weight: bold; text-align: right;"> Exhibit 99.1</div>
    <div style="font-weight: normal;"> <br>
      </div>
    <div style="font-weight: normal;">
      <div style="font-weight: bold;">Borr Drilling Limited &#8211; Notice of Special General Meeting of Shareholders</div>
      <br>
      <div>Borr Drilling Limited (the &#8220;Company&#8221;) (NYSE and OSE: BORR) advises that the Company will hold a Special General Meeting on December 22,&#160; 2023 to approve a
        reduction of the Company&#8217;s Share Premium account (referred to as additional paid-in capital in the financial statements of the Company) and to credit the same amount resulting from this reduction to the Company&#8217;s Contributed Surplus account, which
        will enable dividend payments to shareholders.</div>
      <br>
      <div>The Board of Directors has fixed the close of business on November 27, 2023 as the record date for determination of the shareholders entitled to attend and vote
        at the Special General Meeting or any adjournment thereof.</div>
      <br>
      <div>A copy of the Notice of Special General Meeting and Form of Proxy (the &#8220;Notice&#8221;) and associated information can be found on the Company&#8217;s website at
        http://www.borrdrilling.com and is attached to this press release. The Notice and associated information will also be distributed to shareholders by normal distribution methods.</div>
      <br>
      <div>Hamilton, Bermuda</div>
      <br>
      <div>1 December, 2023</div>
      <br>
      <div>This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.</div>
      <br>
    </div>
    <div style="font-weight: bold;"> <br>
      </div>
    <div style="font-weight: bold;">
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ef20015958_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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    <div>
      <div style="text-align: right; font-weight: bold;">Exhibit 99.2</div>
      <div style="font-weight: normal;"> <br>
      </div>
      <div style="font-weight: normal;">
        <div style="text-align: center; font-weight: bold;">BORR DRILLING LIMITED</div>
        <div style="text-align: center; font-weight: bold;">NOTICE OF A SPECIAL GENERAL MEETING OF THE SHAREHOLDERS</div>
        <div style="text-align: center; font-weight: bold;">DECEMBER 22, 2023</div>
        <div><br>
        </div>
        <div style="text-align: justify;">NOTICE IS HEREBY given that a Special General Meeting of the Shareholders (the &#8220;<font style="font-weight: bold;">Meeting</font>&#8221;) of <font style="font-weight: bold;">Borr Drilling Limited</font> (the &#8220;<font style="font-weight: bold;">Company</font>&#8221;) will be held on December 22, 2023 at 10:00 a.m. local 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 purpose which is more completely set forth in the accompanying information statement:</div>
        <div><br>
        </div>
        <div style="text-align: justify; color: rgb(0, 0, 0);">To consider the following Company proposal:</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="zda0c66cad91440279e16f332c7afa26b" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18pt; 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 approve a reduction of </font>the Share Premium account of the Company from US$ 2,290,578,712 to US$ 290,578,712 by the transfer of US$ 2,000,000,000 of the Share Premium to the Company&#8217;s
                  Contributed Surplus account, with effect from December 22, 2023.</div>
              </td>
            </tr>

        </table>
        <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>
        <table cellspacing="0" cellpadding="0" id="zf67984388cd948579ea448ea6c50bb02" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <tr>
              <td style="width: 36pt; vertical-align: top;">Dated:</td>
              <td style="width: auto; vertical-align: top; text-align: justify;">
                <div>December 1, 2023</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div style="text-align: justify; font-style: italic;">Notes:</div>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z3b10d14f9bf34a14ab6c7ff0e5575ec2" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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 November 27, 2023, as the record date for the determination of the shareholders entitled to attend and vote at the Special General Meeting or any
                  adjournment thereof.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z666d7e6b42bc444388bab94239b03432" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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, 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>
        <table cellspacing="0" cellpadding="0" id="z5c9b0337e13343d9b78854cad9aabec3" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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;">The resolution set out above is an Ordinary Resolution, approval of which will require the affirmative vote of a simple majority of the votes cast.</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="zc441eab445334ebca2a3d4dc6ff47ba1" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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="margin-left: 18pt; font-style: italic; font-weight: bold;">The following information is applicable to holders of shares registered in the United States only:</div>
        <div><br>
        </div>
        <div style="text-align: justify; margin-left: 18pt; font-style: italic; font-weight: bold;">We are pleased to allow companies to furnish proxy materials to their shareholders via the internet.&#160; We believe that this e-proxy process will expedite
          shareholders&#8217; receipt of proxy materials and lower the costs and reduce the environmental impact of our Special General Meeting.&#160; Accordingly, we will mail to our shareholders of record and beneficial owners instructions on how to access the
          attached proxy statement via the Internet and how to vote online.</div>
        <div><br>
        </div>
        <div style="text-align: justify; font-style: italic; font-weight: bold;">YOUR VOTE IS IMPORTANT.&#160; PLEASE VOTE YOUR SHARES PROMPTLY.&#160; TO VOTE YOUR SHARES, IF YOU ARE A SHAREHOLDER REGISTERED IN THE UNITED STATES YOU CAN USE THE INTERNET AS DESCRIBED
          IN PROXY MATERIALS, IN THE ATTACHED PROXY STATEMENT AND ON YOUR PROXY CARD; CALL THE TOLL-FREE TELEPHONE NUMBER AS DESCRIBED IN THE ATTACHED PROXY STATEMENT AND ON YOUR PROXY CARD; OR COMPLETE, SIGN AND DATE YOUR PROXY CARD AND RETURN YOUR PROXY
          CARD BY MAIL.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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        <div style="text-align: justify; font-weight: bold;">INFORMATION CONCERNING SOLICITATION AND VOTING FOR THE SPECIAL GENERAL MEETING OF SHAREHOLDERS (THE &#8220;MEETING&#8217;) OF BORR DRILLING LIMITED TO BE HELD ON DECEMBER 22, 2023.</div>
        <div><br>
        </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><br>
        </div>
        <div style="text-align: center; font-weight: bold;">COMPANY PROPOSAL</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">PROPOSAL 1- REDUCTION OF SHARE PREMIUM ACCOUNT</div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0);">At the Meeting, the Board, pursuant to the provisions of section 46 of the Companies Act, will ask the Shareholders to approve a reduction of US$ 2,000,000,000 in the Company&#8217;s Share Premium account (referred to as
          additional paid in capital in the financial statements of the Company) and to credit the same amount resulting from this reduction to the Company&#8217;s Contributed Surplus account. The Share Premium account is the amount of share capital which
          exceeds the aggregate par value of the Company&#8217;s outstanding Ordinary Shares of par value US$ 0.10 each.</div>
        <div><br>
        </div>
        <div style="color: rgb(0, 0, 0);">The purpose of this proposal is primarily to increase the ability of the Company to declare and distribute dividends to its Shareholders.&#160; As at September 30, 2023, the balance of the Company&#8217;s Share Premium
          Account was US$ 2,290,578,712.&#160; The Board of Directors therefore propose to reduce the Share Premium account from US$ 2,290,578,712 to US$ 290,578,712 by the transfer of US$ 2,000,000,000 of the Share Premium to the Company&#8217;s Contributed Surplus
          account with effect as of December 22, 2023 (the &#8220;<font style="font-weight: bold;">Effective Date</font>&#8221;).</div>
        <div><br>
        </div>
        <div style="text-align: justify;">This will enable the Board to declare dividends and make cash distributions as long as the Company is solvent and the realisable value of its assets exceeds its liabilities and the Company&#8217;s operations and earnings
          otherwise allow the Board, at its sole discretion, to declare such dividends in the future.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Any dividends and/or cash distributions declared in the future will be at the sole discretion of the Board and will depend upon earnings, market prospects, current capital expenditure programs and investment
          opportunities.&#160; The timing and amount of dividends and/or cash distributions, if any, is at the discretion of the Board and the Company cannot guarantee that its Board will declare dividends and/or cash distributions in the future.</div>
        <div><br>
        </div>
        <div style="text-align: justify;">Under Bermuda law a company cannot pay dividends from share premium.&#160; In addition, section 54 of the Companies Act provides that a company may not declare or pay a dividend, or make a distribution out of
          contributed surplus if there are reasonable grounds for believing that (a) the company is, or would after the payment, be unable to pay its liabilities as they become due; or (b) the realisable value of the Company&#8217;s assets would thereby be less
          than its liabilities. The Company&#8217;s Bye-laws provide that subject to the Companies Act, the Company may by Resolution authorise the reduction of its issued share capital or any share premium or contributed surplus account in any manner
          whatsoever.</div>
        <div><br>
        </div>
        <div style="text-align: justify; color: rgb(0, 0, 0);">The Company is required, in order to effectuate such reduction, (a) not more than 30 days and not less than 15 days before the Effective Date to cause a notice to be published in an appointed
          newspaper stating the amount of the share premium as last previously determined by the Company, the amount to which the share premium is to be reduced, and the date as from which the reduction is to have effect; and (b) on the date as from which
          the reduction is to have effect, a confirmation of solvency shall be given by an appropriate officer declaring that on that date the Company is solvent and after the reduction will be able to pay its liabilities as they become due.</div>
        <div><br>
        </div>
        <div style="text-align: justify; color: rgb(0, 0, 0);">Within 30 days after the date such reduction of the share premium is effective, the Company, as required under section 46(5) of the Companies Act, will file a memorandum, with a copy of the
          notice referred to above, with the office of the Bermuda Registrar of Companies (the &#8220;<font style="font-weight: bold;">Registrar</font>&#8221;), notifying the Registrar of compliance with the Companies Act.</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></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 Special General Meeting other than that stated in the Notice of Special 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;">Mi Hong Yoon</div>
        <div style="text-align: center;">Secretary</div>
        <div><br>
        </div>
        <div style="text-align: center;">Hamilton, Bermuda</div>
        <div><br>
        </div>
        <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div class="BRPFPageBreak" 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;">Borr Drilling Limited (the &#8220;Company&#8221;)</div>
        <div style="text-align: center; font-weight: bold;">Form of Proxy for use at Special General Meeting to be held on December 22, 2023.</div>
        <div style="text-align: justify;">&#160;<br>
          <div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zc622de73c7ee4864abe6e8ff7234a535">

                <tr>
                  <td style="width: 3%; padding-bottom: 2px;">I/We</td>
                  <td style="width: 77%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
                  </td>
                  <td style="width: 20%; padding-bottom: 2px;"><br>
                  </td>
                </tr>

            </table>
            <div><br>
            </div>
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;">

                <tr>
                  <td style="width: 2%; padding-bottom: 2px;">Of </td>
                  <td style="width: 78%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
                  </td>
                  <td style="width: 20%; padding-bottom: 2px;"><br>
                  </td>
                </tr>

            </table>
          </div>
          <div><br>
          </div>
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z5f1f3b59bacb4507821275332642e68f">

              <tr>
                <td nowrap="nowrap" style="width: 5%; padding-bottom: 2px;">being (a) holder(s) of</td>
                <td style="width: 25%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
                </td>
                <td style="width: 70%; padding-bottom: 2px;">Common Shares of US$0.10 each of the above-named</td>
              </tr>

          </table>
        </div>
        <div style="text-align: justify;"><br>
        </div>
        <div style="text-align: justify;">Company on the record date of November 27, 2023 hereby appoint the duly appointed Chairman of the meeting or </div>
        <div style="text-align: justify;">
          <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zb7fa784ad58142a69e79de47284c9c3a">

              <tr>
                <td style="width: 30%; border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
                </td>
                <td style="width: 70%; padding-bottom: 2px;"><br>
                </td>
              </tr>

          </table>
          <div>
            <div>to act as my/our proxy at the Special General Meeting of the Company to be held on December 22, 2023 or at any adjournment thereof, and to vote on my/our behalf as directed below.</div>
            <div> <br>
            </div>
          </div>
          <div>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>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" id="z8fc2e8ae79b547ffa3e8cadf88bc30a6" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="1"><br>
              </td>
              <td style="width: 63.25%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
                <div style="font-style: italic;">Proposal</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-top: 2px solid rgb(0, 0, 0);" colspan="1" rowspan="1"><br>
              </td>
              <td style="width: 63.25%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 12.24%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 12.25%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 12.25%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
            </tr>
            <tr>
              <td style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);" colspan="1"><br>
              </td>
              <td style="border-right: 2px solid #000000; vertical-align: top; width: 63.25%; padding: 0px 5px 0px 0px;">
                <div style="text-align: justify; text-indent: -18pt; margin-left: 36pt;"><font style="color: rgb(0, 0, 0);">1.</font>&#160;&#160; <font style="color: rgb(0, 0, 0);">To approve a reduction of </font>the Share Premium account of the Company from US$
                  2,290,578,712 to US$ 290,578,712 by the transfer of US$ 2,000,000,000 of the Share Premium to the Company&#8217;s Contributed Surplus account, with effect from December 22, 2023.</div>
              </td>
              <td style="width: 12.24%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 12.25%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 12.25%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"><br>
              </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" rowspan="1"><br>
              </td>
              <td style="width: 63.25%; vertical-align: top; border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" rowspan="1"><br>
              </td>
              <td style="width: 12.24%; 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);" rowspan="1"><br>
              </td>
              <td style="width: 12.25%; 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);" rowspan="1"><br>
              </td>
              <td style="width: 12.25%; 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);" rowspan="1"><br>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="z16736cbd06d34f21835fe12410d9c4d4">

            <tr>
              <td style="width: 4%; padding-bottom: 2px;">Date</td>
              <td style="width: 20%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 2%; padding-bottom: 2px;"> <br>
              </td>
              <td style="width: 6%; padding-bottom: 2px;">
                <div>
                  <div style="text-align: left;">Signature</div>
                </div>
              </td>
              <td style="width: 34%; border-bottom: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 34%; padding-bottom: 2px;"><br>
              </td>
            </tr>

        </table>
        <div> <br>
        </div>
        <div style="text-align: justify; font-style: italic; font-weight: bold;">Notes:</div>
        <table cellspacing="0" cellpadding="0" id="z89ffcaf5014c4f2bb344fa7e8480289f" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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" id="zc3da82e9bbf54daca5aca1c8edf60c40" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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" id="za33053969e1e4961bc54dfeb20c63afe" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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" id="z7d2929e2efc44b7bb6bf94d26842bd87" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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" id="za5867b0c5ab64d4f91d345c152cf8191" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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 initialed.</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" id="z463a3e707f9e4534b8365d9687526983" class="DSPFListTable" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;">

            <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, Global Companies Registrars Section</div>
        <div style="text-align: justify; margin-left: 36pt;">Postboks 1600 Sentrum</div>
        <div style="text-align: justify; margin-left: 36pt;">0021 Oslo, Norway</div>
        <div style="text-align: justify; text-indent: 36pt;">Tel:&#160; +47 23 26 80 16</div>
        <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Or via e-mail to:&#160; vote@dnb.no</div>
        <div><br>
        </div>
        <div><br>
        </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>
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</DOCUMENT>
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