NABORS INDUSTRIES LTD

Ticker: NBR CUSIP: G6359F137 Class: Common Stock

Varde Management, L.P.'s Holding History (CIK: 0001559130)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 264,220 Value ($000) $14,347 Avg Close $48.74 Range $36.66 - $59.00

Q3 2025

Shares 1,718,430 Value ($000) $59,767 Avg Close $35.60 Range $27.33 - $44.01

Q2 2025

Shares 1,718,430 Value ($000) $59,767 Avg Close $29.76 Range $23.27 - $43.39

Q1 2025

Shares 2,013,930 Value ($000) $51,459 Avg Close $50.92 Range $34.42 - $69.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	264,220	$14,347	$48.74	$36.66 - $59.00
Q3 2025	1,718,430	$59,767	$35.60	$27.33 - $44.01
Q2 2025	1,718,430	$59,767	$29.76	$23.27 - $43.39
Q1 2025	2,013,930	$51,459	$50.92	$34.42 - $69.20