Operational and Financial Overview

ENSCOROWAN Number of New Contracts 1 Awarded +70% 231 171 142 63 2016 102 2017 ■Floaters ■Jackups 71 44 Apr-19 Offshore Rig Demand Showing 117 2018 Signs of Steady Improvement ■ New contract awards have increased for the past two consecutive years and were 70% higher in 2018 as compared to 2016; the number of new contract awards increased 40% year- over-year in first quarter 2019 ■ The number of open tenders for offshore rigs has increased 12% as compared to a year ago, demonstrating the improvement in offshore project economics and cash flows Number of Open Offshore Rig Tenders 57 555 46 Apr-18 ■Floaters +12% Source: IHS Markit RigPoint as of April 2019 1Classified as new mutual fixtures in IHS Markit RigPoint Jackups 13

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