Valaris Market Overview and Strategic Positioning

Fleet Overview Diverse Fleet Capable of Meeting a Broad Spectrum of Customers' Well Program Requirements Drillships ENSCO DS- Semisubmersibles Jackups 16 Total - Average age of 6 years - 11 assets equipped with dual 2.5 million lbs. hookload derricks and two blowout preventers VALARIS 12 Total - 9 modern assets with sixth generation drilling equipment -3 rigs capable of working in both moored and dynamically- positioned mode 54 Total -Largest jackup fleet in the world - 13 heavy duty ultra-harsh & modern harsh environment units -25 modern benign environment rigs 11

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