Archer Limited – Disclosure of large shareholding
Reference is made to the stock exchange announcement made by Archer Limited (the "Archer") on 24 April 2023 announcing Archer's new share capital following the issuance of 208,000,000 new common shares in Archer (the "Compensation Shares") to be delivered to the backstop participants in the 2nd Lien USD 200 million bond issue made by Archer Norge AS, a subsidiary of Archer. Hemen Holding Ltd. ("Hemen") will at closing of the transaction receive 52,000,000 Compensation Shares. Upon receipt of such shares, the relative share ownership of Hemen in Archer will be increased above the 20%