Archer Limited - Call option redemption price

20 Feb 2025 20:35 CET

Hamilton, Bermuda (February 20, 2025)

Reference is made to the press release published by Archer Limited on 12
February 2025 regarding the exercise of the option to redeem all outstanding
bonds under its FRN senior secured second lien bonds with ISIN NO0012878992 (the
"Call option").

Please find attached the notice from Nordic Trustee AS to the bondholders
regarding the calculation of the redemption price.

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

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

639385_NO0012878992_Call_Option_dated_20022025.pdf