Archer Limited: Registration of reverse share split

Hamilton, Bermuda (May 10, 2024)

Reference is made to the stock exchange announcement made by Archer Limited (the "Company") (OSE: ARCH) on April 30, 2024, regarding the Company's general meeting resolving a reverse share split of the Company's shares in the ratio 25:1.

The reverse share split has now been registered in Euronext Securities Oslo (VPS). Following such registration, the share capital of the Company is USD 16,242,649.50 divided into 64,970,598 shares, each with a nominal value of USD 0.25.

For additional information please contact:

Espen Joranger, Chief Financial Officer | Mobile: +47 982 06 812 | Email: [email protected]

Joachim Houeland, Manager Treasury & Investor Relations | Mobile: +47 482 78 748 | Email: [email protected]

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