Valaris Earnings Report

FOCUSED Largest fleet of modern offshore drilling rigs in the industry 11 Drillships1 5 Semisubmersibles VALARIS RESOLUTE VALUE DRIVEN RESPONSIBLE Average age 8 years Average age 11 years 21 HD & SD Modern Jackups² 2 SD Legacy Jackups² 12 HD Ultra-Harsh & Harsh Jackups² Average age 14 years VALARIS Average age 13 years 1 Excludes newbuild drillships, VALARIS DS-13 and DS-14, which Valaris has the option to purchase before year-end 2023 2 HD = Heavy Duty; SD = Standard Duty. Heavy duty jackups are well-suited for operations in tropical revolving storm areas ||||||||| Average age 41 years 6

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