Valaris Market Overview and Strategic Positioning

Global Reach and Geographic Diversity • Presence in virtually all major offshore regions Critical mass of highest-specification drillships well positioned to serve major deepwater basins of West Africa, South America and Gulf of Mexico Versatile semisubmersible fleet capable of meeting a wide range of customer requirements including strong presence offshore Australia Leading provider of shallow-water jackup services in the Middle East and North Sea VALARIS Drillships Semisubmersibles ▲ Heavy Duty Ultra-Harsh Environment Jackups Heavy Duty Harsh Environment Jackups ▲ Heavy Duty Modern Jackups Standard Duty Modern Jackups ○ Standard Duty Legacy Jackups 26

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