#Bermuda #Hamilton #Borr Drilling #Annual General Meeting

Borr Drilling Limited: 2025 AGM Results Notification

Borr Drilling Limited, a key player in the drilling sector, conducted its 2025 Annual General Meeting (AGM) on May 21, 2025, at 10:00 AM local time in Bermuda. The venue for this important meeting was the Company’s registered office located at 2nd Floor, The S.E. Pearman Building, 9 Par-la-Ville Road, Hamilton.

During this AGM, the company presented its audited consolidated financial statements for the fiscal year ending December 31, 2024. This critical session showcased the various accomplishments and challenges the company faced over the past year, allowing shareholders to gain insights into Borr Drilling's financial health and strategic direction.

A number of significant resolutions were set forth during the meeting, reflecting the company's governance and operational strategies. Here are the key resolutions that were passed:

• - Director Limit: The maximum number of Directors has been set at seven.

• - Director Re-elections: The following individuals were re-elected as Directors of the Company:

- Mr. Tor Olav Trøim
- Mrs. Alexandra Kate Blankenship
- Mr. Neil J. Glass
- Mrs. Mi Hong Yoon
- Mr. Daniel Rabun
- Mr. Jeffrey Currie
- Mr. Patrick Schorn

The re-election of these Directors is crucial for maintaining continuity in the company's leadership and ensuring that experienced individuals guide its future endeavors.

• - Appointment of Auditors: PricewaterhouseCoopers LLP has been re-appointed as the auditors for the upcoming year. The Directors have been authorized to determine the remuneration for these auditing services, further ensuring the financial transparency of the company.

• - Director Compensation: The board approved a remuneration package for the Directors, amounting to a total of fees not to exceed USD 1,400,000 for the fiscal year ending December 31, 2025. This measure aligns with industry standards and reflects the company's commitment to attracting and retaining top talent.

The AGM served as a significant platform for Borr Drilling Limited, allowing stakeholders to engage with the leadership and understand the strategic directions of the company. The decisions made during this meeting lay the groundwork for future growth and sustainability in an evolving drilling market.

For any questions or further inquiries regarding the outcomes of the AGM or about Borr Drilling Limited, stakeholders can contact Magnus Vaaler, CFO at +44 1224 289208.

Borr Drilling remains dedicated to transparency and shareholder engagement, ensuring that all voices are heard within the realms of corporate governance. With careful planning and strategic oversight, the company is poised to navigate the challenges of the upcoming year, continuing to operate as a leader in the drilling industry.