Archer - Fixed Income Investor Meetings

30 Jan 2025 07:35 CET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES,
OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Hamilton, Bermuda (January 30, 2025)

Archer Limited (the “Company” and together with its subsidiaries, the “Group”)
has mandated Arctic Securities, DNB Markets and Pareto Securities, as Joint
Bookrunners, Sparebank 1 Markets as Joint Lead Manager and Fearnley Securities
as Co-Managers, to arrange a series of fixed income investor meetings commencing
January 30, 2025.

A new 5-year USD 400 million senior secured bond issue by the Company's
subsidiary Archer Norge AS may follow, subject to inter alia, market conditions.
Net proceeds from the contemplated bond issue will be used to refinance existing
debt of the Group and for general corporate purposes.

In conjunction with the contemplated bond issue, the Company will establish a
USD 75 million revolving credit facility and USD 15 million guarantee facility,
both of which will rank super senior to the bonds and only subject to final
documentation. The super senior facilities will be provided by DNB Bank ASA and
SpareBank 1 Sør-Norge ASA.

For additional information, please contact:

Dag Skindlo, Chief Executive Officer
Mobile: +47 982 26 624
Email: dag.skindlo@archerwell.com

Espen Joranger, Chief Financial Officer
Mobile: +47 982 06 812
Email: espen.joranger@archerwell.com

Joachim Houeland, Manager Treasury and Investor Relations
Mobile: +47 482 78 748
Email: joachim.houeland@archerwell.com

Additional information about the Company can be found at:
https://www.archerwell.com/

* * *

Important information:
These materials do not constitute or form a part of any offer of securities for
sale or a solicitation of an offer to purchase securities of Archer Limited in
the United States or any other jurisdiction. The securities of the Company may
not be offered or sold in the United States absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended (the “U.S.
Securities Act”). The securities of the Company have not been, and will not be,
registered under the U.S. Securities Act. Any sale in the United States of the
securities mentioned in this communication will be made solely to “qualified
institutional buyers” as defined in Rule 144A under the U.S. Securities Act and
“major U.S. institutional investors” as defined in SEC Rule 15a-6 under the U.S.
Securities Exchange Act of 1934. No public offering of the securities will be
made in the United States.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation or other investors pursuant to applicable exemptions
from preparing a prospectus pursuant to the EU Prospectus Regulation. The
expression “EU Prospectus Regulation” means Regulation (EU) 2017/1129 of the
European Parliament and of the Council of 14 June 2017 (together with any
applicable implementing measures in any Member State).

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as “Relevant Persons”.

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