Archer Limited - 2025 AGM Results Notification

09 May 2025 18:40 CEST

Archer Limited (the "Company") advises that the 2025 Annual General Meeting of
the Shareholders of the Company was held on 9 May 2025 at 10:30 hrs, at Hamilton
Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited
consolidated financial statements for the Company for the year ended 31 December
2024 were presented to the Meeting.

In addition, the following resolutions were passed:

1.    To set the maximum number of Directors to be not more than eight.

2.   To resolve that vacancies in the number of Directors be designated as
casual vacancies and that the Board of Directors be authorised to fill such
vacancies as and when it deems fit.

3.   To re-elect Giovanni Dell'Orto as a Director of the Company.

4.   To re-elect Peter Sharpe as a Director of the Company.

5.   To re-elect James O'Shaughnessy as a Director of the Company.

6.   To re-elect Jan Erik Klepsland as a Director of the Company.

7.   To re-elect Richard Stables as a Director of the Company.

8.   To re-appoint PricewaterhouseCoopers AS, as auditor and to authorize the
Directors to determine their remuneration.

9.   To approve the remuneration of the Company's Board of Directors of a total
amount of fees not to exceed US$500,000 for the year ended 31 December 2025.

10. To reduce the Company's Share Premium account from US$974,415,938 to US$nil
by the transfer of US$974,415,938 of the Share Premium account to the Company's
Contributed Surplus account with effect on or around 9 May 2025.

9 May 2025

The Board of Directors
Archer Limited
Hamilton, Bermuda

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

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