RIG

Item 4 of the Prior Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: On February 9, 2026, the Issuer and Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda ("Valaris") (the Issuer and Valaris, collectively, the "Parties" and each, a "Party"), entered into a Business Combination Agreement (the "Agreement") providing for the combination of the two Parties. Pursuant to the Agreement, and on the terms and subject to the conditions thereof, the Issuer will acquire of all the issued and outstanding common shares, par value $0.01 each, of Valaris (the "Valaris Shares") in exchange for Shares, at an exchange ratio of 15.235 Shares for each Valaris Share. In connection with the execution of the Agreement, the Reporting Persons entered into a Support Agreement with Valaris (the "Support Agreement"). The Support Agreement provides, on the terms and subject to the conditions thereof, that each Reporting Person will vote the Shares owned by such Reporting Person at the time of the applicable shareholder meeting in favor of the transactions contemplated by the Agreement. The disclosure contained under the heading "Support Agreement" in Item 6 is incorporated herein by reference.

Item 4 of the Prior Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: On February 9, 2026, the Issuer and Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda ("Valaris") (the Issuer and Valaris, collectively, the "Parties" and each, a "Party"), entered into a Business Combination Agreement (the "Agreement") providing for the combination of the two Parties. Pursuant to the Agreement, and on the terms and subject to the conditions thereof, the Issuer will acquire of all the issued and outstanding common shares, par value $0.01 each, of Valaris (the "Valaris Shares") in exchange for Shares, at an exchange ratio of 15.235 Shares for each Valaris Share. In connection with the execution of the Agreement, the Reporting Persons entered into a Support Agreement with Valaris (the "Support Agreement"). The Support Agreement provides, on the terms and subject to the conditions thereof, that each Reporting Person will vote the Shares owned by such Reporting Person at the time of the applicable shareholder meeting in favor of the transactions contemplated by the Agreement. The disclosure contained under the heading "Support Agreement" in Item 6 is incorporated herein by reference.

Item 4 of the Prior Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: On February 9, 2026, the Issuer and Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda ("Valaris") (the Issuer and Valaris, collectively, the "Parties" and each, a "Party"), entered into a Business Combination Agreement (the "Agreement") providing for the combination of the two Parties. Pursuant to the Agreement, and on the terms and subject to the conditions thereof, the Issuer will acquire of all the issued and outstanding common shares, par value $0.01 each, of Valaris (the "Valaris Shares") in exchange for Shares, at an exchange ratio of 15.235 Shares for each Valaris Share. In connection with the execution of the Agreement, the Reporting Persons entered into a Support Agreement with Valaris (the "Support Agreement"). The Support Agreement provides, on the terms and subject to the conditions thereof, that each Reporting Person will vote the Shares owned by such Reporting Person at the time of the applicable shareholder meeting in favor of the transactions contemplated by the Agreement. The disclosure contained under the heading "Support Agreement" in Item 6 is incorporated herein by reference.