Archer Limited - Appointment of new Director

07 Jan 2026 13:54 CET

Hamilton, Bermuda (January 7, 2026)

Archer Limited ("Archer" or the "Company") is pleased to announce the
appointment of Mr. Derek Mathieson as a new member of the Company's Board of
Directors, effective January 7, 2026.

Mr. Mathieson brings more than 25 years of international experience from the
energy industry, covering senior leadership positions in technology, operations,
and strategy. He held several senior executive positions at Baker Hughes,
including Chief Technology and Marketing Officer, Chief Strategy Officer, and
President of Western Hemisphere Operations, and played a key role in the
integration between Baker Hughes and GE Oil & Gas.

Since retiring from full-time executive roles, Mr. Mathieson has served as chair
and non-executive director of several UK-based technology and energy companies.
He holds a Ph.D. in Microelectromechanical Systems, an honorary Doctorate in
Engineering and a Bachelor of Engineering degree from Heriot-Watt University in
Edinburgh.

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

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