Archer Limited: Corr * - Third Quarter 2018 EPS of USD 0.05 and USD 0.03 YTD 2018

Hamilton, Bermuda (November 2, 2018)

In the Third Quarter Financial report issued this morning the table showing earnings per share on page 2 of the financial report was misrepresented. The earnings per share should be USD 0.05 for the three months ended September 30, 2018 and USD 0.03 for the nine months ended September 30, 2018.Attached is the corrected version of the report.

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