In the High Court of Justice, Business & Property Courts of E&W Insolvency & Companies List (ChD)

No CR-2021-000772 of 2021

VALARIS PLC

(Company Number 07023598)

Registered office: Cannon Place, 78 Cannon Street, London, EC4N 6AF

Principal trading address: Cannon Place, 78 Cannon Street, London, EC4N 6AF

Nature of Business: Support activities for petroleum and natural gas extraction

Pursuant to Paragraph 49(6), Schedule B1 of the Insolvency Act 1986 (as amended), the administrators undertake to provide a copy of their statement of proposals free of charge to any member of the company who applies in writing to ValarisInquiries@stretto.com or the postal address of the office holders below.

Date of Appointment: 30 April 2021.

Joint Administrator's Name and Address: Jonathan Marston (IP No. 14392) of Alvarez & Marsal Europe LLP, Suite 3 Regency House, 91 Western Road, Brighton, BN1 2NW. Telephone: +44 (0) 20 7715 5200.

Joint Administrator's Name and Address: Mark Firmin (IP No. 9284) of Alvarez & Marsal Europe LLP, Suite 3 Regency House, 91 Western Road, Brighton, BN1 2NW. Telephone: +44 (0) 20 7715 5200.

Additional Contact: For further information contact Greg Clifford at the offices of Alvarez & Marsal Europe LLP on +44 (0) 113 360 6700, or INS_VALARP@alvarezandmarsal.com .

5 May 2021