Valaris Limited announced the appointment of three new members of the Valaris Executive Management Committee. The following appointments have been made after a rigorous internal and external search process and strongly position the Company for continued success moving forward: Chris Weber will join Valaris as Senior Vice President. Weber is expected to start in the third quarter of 2022.

Matt Lyne will join Valaris as Senior Vice President and Chief Commercial Officer. Lyne is expected to start in the third quarter of 2022. Davor Vukadin, the Company's Associate General Counsel has been promoted to Senior Vice President and General Counsel.

Darin Gibbins, who is serving as interim CFO, will continue in his role as Vice President – Investor Relations and Treasurer after Weber joins the Company. Elizabeth Darby, who served as interim General Counsel, is continuing in her role as Chief Compliance Officer. Christophe Raimbault will continue to serve as Vice President and interim Head of Marketing and remain with the Company after Lyne joins.

Chris Weber previously served as Chief Financial Officer of LUFKIN Industries. Weber has also served as Chief Financial Officer of Abaco Drilling Technologies, Halliburton and Parker Drilling Company, and also held senior finance roles at Valaris predecessor companies, Ensco and Pride International. Matt Lyne joins Valaris from Seadrill, most recently as Executive Vice President, Chief Commercial and Strategy Officer.

Davor Vukadin has been with Valaris for eight years. Before being named to his current position, Vukadin served as Associate General Counsel and Secretary. Prior to joining Valaris, Vukadin practiced corporate and securities law with the law firm of Norton Rose Fulbright for thirteen years.