X0306 4 2020-02-04 0 0000314808 Valaris plc VAL 0001279151 LUMINUS MANAGEMENT LLC 1700 BROADWAY 26TH FLOOR NEW YORK NY 10019 1 0 1 0 0001405850 Luminus Energy Partners Master Fund, Ltd. 1700 BROADWAY 26TH FLOOR NEW YORK NY 10019 0 0 1 0 0001731639 Barrett Jonathan Dan 1700 BROADWAY 26TH FLOOR NEW YORK NY 10019 0 0 1 0 Class A Ordinary Shares 36982076 I See footnote Restricted Share Units 2020-02-04 4 A 0 12443 0.00 A Class A Ordinary Shares 12443 12443 I See footnote The securities are held directly by Luminus Energy Partners Master Fund, Ltd. (the "Master Fund"), for which Luminus Management, LLC serves as the investment manager. Jonathan Barrett is the ultimate beneficial owner of Luminus Management, LLC. The filing of this statement shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein. Upon the vesting of the restricted share units ("RSUs"), Adam Weitzman is required to pay the aggregate nominal value (par value), $0.40 per share, of the Issuer's Class A Ordinary Shares actually issued, in accordance with U.K. corporate law. The RSUs vest on the first anniversary of the grant date. Consists of RSUs awarded to Mr. Weitzman in connection with his role as a member of the Issuer's Board of Directors. Luminus Management LLC and Luminus Energy Partners Master Fund, Ltd. by /s/ Jonathan Barrett 2020-02-06 /s/ Jonathan Barrett 2020-02-06