Archer Limited - Notice of Exercise of Call Option Notice

12 Feb 2025 22:30 CET

Hamilton. Bermuda (February 12, 2025)

We refer to the announcement published 6 February 2025 regarding the successful
placement of a new senior secured bond issue. Archer Norge AS has today
officially notified Nordic Trustee AS of its decision to exercise the call
option to redeem all outstanding bonds under its FRN senior secured second lien
bonds with ISIN NO0012878992.

The outstanding bonds will be repaid at a price equal to the Make Whole Amount,
with repayment scheduled for 27 February 2025. The Record date for the call
option will be 25 February 2025.

Reference is made to the attached notice from Nordic Trustee AS for further
information about the call option.

For any further 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

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

638454_NO0012878992_Call_Option_dated_12_February_2025.pdf