Archer Limited : Shareholding disclosure
Reference is made to the stock exchange notice from Archer Limited (Archer) in connection with the private placement of new shares. Hemen Holding Limited (Hemen), a company indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has been allocated 12,600,000 shares in the private placement. The subscription price per share is NOK 10.00. At the same time, Hemen has sold 4,914,890 shares and entered into a TRS agreement with exposure to 4,914,890 shares in Archer. The expiration date of the TRS agreement is 16 May 2017 and the exercise price in