VALARIS LTD

Ticker: VAL CUSIP: G9460G101 Class: Common Stock

Moerus Capital Management LLC's Holding History (CIK: 0001742647)

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

Q4 2025

Shares 607,897 Value ($000) $30,638 Avg Close $53.67 Range $46.70 - $61.70

Q3 2025

Shares 708,014 Value ($000) $34,530 Avg Close $48.77 Range $41.88 - $53.98

Q2 2025

Shares 707,701 Value ($000) $29,801 Avg Close $37.62 Range $27.15 - $47.36

Q1 2025

Shares 466,479 Value ($000) $18,314 Avg Close $42.87 Range $31.15 - $50.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	607,897	$30,638	$53.67	$46.70 - $61.70
Q3 2025	708,014	$34,530	$48.77	$41.88 - $53.98
Q2 2025	707,701	$29,801	$37.62	$27.15 - $47.36
Q1 2025	466,479	$18,314	$42.87	$31.15 - $50.29