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Archer Limited: Minutes from Special General Meeting

Hamilton, Bermuda (November 13, 2024) Archer Limited (the “Company”) advises that a Special General Meeting of the Shareholders of the Company was held on November 13, 2024, at 09:00 hrs, at 14 Par-la-Ville Road, Hamilton, HM08, Bermuda ("Meeting").  At the Meeting, the shareholders resolved that the Company's authorized share capital shall be increased from USD 800,000 divided into 80,000,000 common shares of USD 0.01 par value each to USD 1,500,000 divided into 150,000,000 common shares of USD 0.01 par value each, by the authorization of an additional 70,000,000 common shares of USD 0.

Archer Limited: New share capital registered

Hamilton, Bermuda 5 November 2024 Reference is made to the stock exchange announcement made by Archer Limited (the "Company") on 31 October 2024 regarding the successful private placement (the "Private Placement") of 24,393,100 new common shares in the Company raising gross proceeds of the NOK equivalent of approx. USD 50 million. The Private Placement is divided in two separate tranches, where the first tranche ("Tranche 1") consists of 13,512,837 new shares (the "Tranche 1 Shares") and the second tranche consists of the remaining 10,880,263 new shares in the Private Placement. The

Archer Limited: Invitation to investor presentation

Hamilton, Bermuda (November 1, 2024)Reference is made to the various stock exchange announcements made by Archer Limited on October 30[th] and 31[st]. including the financial report for Q3 2024 (“Q3 Report”), the acquisition of Wellbore Fishing and Rental Tools LLC (the “WFR acquisition”) and the private placement of USD 50 million (“Private Placement). Archer will host a conference call at 9:00 am CET on November 1, 2024 to further discuss the Q3 Report, the WFR acquisition and the Private Placement. To follow the presentation, the following options are available: A. Webcast

Archer Limited: Notice of Special General Meeting

Hamilton, Bermuda (31 October 2024)   As previously announced on 31 October 2024, a special general meeting of Archer Limited's shareholders (the "SGM") will be held on 13 November 2024.  The record date for voting at the SGM is set to 31 October 2024. A copy of the notice of the SGM and associated information is attached to this press release. This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.

Archer Limited: Notice of Record Date - Special General Meeting

Hamilton, Bermuda (31 October 2024) Reference is made to the announcement made by Archer Limited (the "Company") on 31 October 2024 regarding the successful private placement (the "Private Placement") of new common shares in the Company. The Company advises that a special general meeting of the Company will be held on 13 November 2024 (the "SGM") for its shareholders to consider and approve, amongst other items, an authorization for the Company's board of directors to issue shares in tranche 2 (through increase of the Company's authorized share capital) of the Private Placement. The

Archer Limited: Disclosure of large shareholding

Hamilton, Bermuda (31 October 2024) Reference is made to the announcements made by Archer Limited ("Archer" or the "Company") on 30 October 2024 and 31 October 2024 regarding the private placement (the "Private Placement") of new shares in the Company ("Shares"). Paratus JU Newco Bermuda Limited, a wholly owned subsidiary of Paratus Energy Services Ltd. ("Paratus"), has subscribed for and been conditionally allocated 5,891,614 Shares in the Private Placement announced by Archer. Paratus has been allocated Shares in Tranche 2, and the issuance and delivery of such shares are subject to

Archer Limited: Disclosure of large shareholding

Reference is made to the announcements made by Archer Limited ("Archer" or the "Company") on 30 October 2024 and 31 October 2024 regarding the private placement (the "Private Placement") of new shares in the Company ("Shares"). Prior to the Private Placement, Hemen Holding Ltd ("Hemen") held 13,287,181 Shares, representing 20.45% of the share capital and votes in the Company. Pursuant to a share lending agreement effective on the same date, Hemen has lent 13,287,181 Shares, representing 20.45% of the total number of Shares to DNB Markets, a part of DNB Bank ASA, as settlement agent, in

Archer Limited - Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Hamilton, Bermuda, 31 October 2024 Reference is made to the stock exchange announcements made by Archer Limited ("Archer", the "Company" and together with its subsidiaries, the "Group") on 30 October 2024 regarding a contemplated private

Archer Limited: Contemplated private placement

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Hamilton, Bermuda 30 October 2024 Reference is made to the announcement made by Archer Limited (the "Company" and together with its subsidiaries, the "Group") today regarding an agreement in principle with respect to a contemplated acquisition of

Archer to acquire fishing and P&A specialist WFR

Hamilton, Bermuda (October 30, 2024) Archer Limited (“Archer”) today announces that it has entered into an agreement to acquire Wellbore Fishing & Rental Tools, LLC (“WFR”). WFR is a US based well technology player focused on fishing operation in the oil and gas sector. Fishing operations include multiple activities during the well life cycle, including the removal of stuck equipment, pipe, completion, downhole tools, casing, and liners for intervention, as well as workover and P&A operations. The acquisition of WFR is well aligned with Archer’s strategy and the transaction yields

Archer Limited: Continued growth and record quarter

Hamilton Bermuda (October 30th, 2024)In the third quarter, Archer continued to deliver strong growth with revenue of $335 million and EBITDA of $34.9 million, representing a YOY-growth of 11% and 14% respectively. Year to date, Archer’s EBITDA has grown by 15% over the same period last year, highlighting Archer’s continued ability to grow revenue while improving margins.  Third Quarter 2024 Highlights: · Q3 Revenue of $335m; up 11% YOY · Q3 EBITDA before exceptional $36.3m, up 11% YOY · Record Q3 EBITDA of $34.9m, up 14% YOY · YTD EBITDA of $98.5m, up 15% YOY · Positive

Archer Limited: Archer secures a new 5-year platform drilling contract with OKEA

Hamilton, Bermuda (September 11[th], 2024) Archer is pleased to announce the award of a platform drilling contract with OKEA ASA. The new contract has an initial estimated value of NOK 850 million over a firm 5-year period and includes an additional 2-year optional period. This award expands Archer's footprint in Norway and underscores our commitment to high-quality, safe, and innovative solutions in the energy industry. Archer will provide comprehensive platform drilling services, including workover and drilling operations, well maintenance, and drilling facilities engineering, to

Archer Limited: Archer secures contract with TotalEnergies for a floating offshore wind project

Stavanger (August 29, 2024) Archer Wind, Archer’s floating offshore wind solutions provider, is pleased to announce the award of its first contract by TotalEnergies for delivery of the floating wind foundation for the Culzean Wind Pilot. The Culzean Wind Pilot will be connected to the Culzean platform, an offshore oil and gas facility 230 kilometres off the East coast of Scotland and will provide renewable electricity to supplement the existing power generation from gas turbines.  Installation of the project will take place in late 2025 and Archer Wind is already progressing with

Archer Limited: Archer reports continued quarterly growth

Hamilton Bermuda (August 16th, 2024)In the second quarter, Archer continued to deliver strong growth with revenue of $309 million and EBITDA of $32.8 million, representing a YOY-growth of 5% and 9% respectively. Year to date, Archer’s EBITDA has grown by 15% over the same period last year, highlighting Archer’s continued ability to grow revenue while improving margins.  Second Quarter 2024 Highlights: · Revenue of $309 million; up 5% YOY · EBITDA of $32.8 million, up 9% YOY · H1 EBITDA of $63.7 million, up 15% YOY · Positive net income in second quarter of $1.0 million ·

Archer Limited: Increases ownership in geothermal specialist Iceland Drilling

Hamilton Bermuda (August 16th, 2024)Archer has agreed to acquire an additional 10% of the shares in Iceland Drilling from its joint venture partner Kaldbakur for USD 2.5 million, settled in Archer limited shares, bringing Archer’s total ownership to 60%. Iceland Drilling is an international leader in high-temperature geothermal drilling, with offerings across renewable service segments such as deep drilling for electricity generation, wells for district heating and cooling, and wells for carbon storage. The company has close to 200 employees with its main operations currently in

Archer Limited: Invitation to Second Quarter 2024 Earnings Release Call

Hamilton, Bermuda (August 9, 2024) Archer Limited’s second quarter and first six months 2024 results are scheduled to be released on August 16, 2024, before the start of trading on Oslo Stock Exchange.  In connection with the earnings release, a presentation will be held at 09:00 am CEST on August 16, 2024. To follow the presentation, the following options are available: A. Webcast To register for the webcast please go to https://events.q4inc.com/attendee/962813451 

Archer acquires Managed Pressure Drilling service provider

Hamilton, Bermuda (July 31, 2024) Archer has entered into an agreement with Air Drilling Associates, Inc to acquire their Managed Pressure Drilling (“MPD”) subsidiary ADA Argentina (“ADA”).  ADA provides MPD services to Archer’s largest customers in the Vaca Muerta basin in Argentina. MPD is an adaptive drilling process used to precisely control the annular pressure profile throughout the wellbore. Currently ADA owns and operates three MPD systems and a fourth set will be provided by the sellers as part of the transaction.  The purchase price is paid with cash generated by Archer’s

Archer Limited: Archer secures contract worth USD 40 million in Brazil

Archer Limited: Archer secures contract worth USD 40 million in Brazil Hamilton Bermuda, (July 24, 2024) Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil.  The estimated firm contract value is USD 40 million. The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms and includes an optional two-year extension period. Alexander Olsson, EVP Platform Operations comments: ‘’We are proud that Equinor has chosen to

Archer acquires Moreld Ocean Wind

Hamilton, Bermuda (July 1, 2024) Archer has entered into an agreement with Remold Invest AS to acquire 100 percent of the shares in the floating offshore wind solutions provider Moreld Ocean Wind AS (MOW), including a minority stake in US/French technology company Ocergy Inc (OCY). With around 30 engineers based in Norway, MOW delivers project management and engineering for fabrication and assembly of floating substructures for wind turbines. The lightweight floating substructures, developed and designed by OCY, are suited for serial production, as the modules are prefabricated and

Archer Limited: Well Services secures extension of frame agreement with Equinor in the North Sea

Sandnes, Norway (June 26, 2024) Archer has been awarded a 2-year contract extension from Equinor Energy AS in the North Sea.  The contract covers plug and abandonment, fishing and downhole mechanical isolation equipment.  Based on current activity levels, the additional backlog is estimated at $60 million for the 24 months period which will commenced in June this year. Nicholas Pantin, EVP Archer Well Services comments; “We are pleased to continue our Well Services operations for Equinor in the North Sea.  P&A services is a key part of the Archer strategy, and we look forward to

Archer Limited: Mandatory notification of trade

Hamilton, Bermuda (May 16, 2024) On May 15, 2024, Mr. Mark Stables, director and primary insider of Archer Limited, purchased 9,200 shares at an average price of NOK 27.31 per share in Archer Limited. After this transaction, Mr. Stables holds directly and indirectly 100,000 shares in Archer Limited. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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