Hamilton, Bermuda (May 18, 2015)

The Board of Archer Limited has granted restricted stock units (RSUs) to members of its management team.  On Monday May 18, 2015 a total number of 8,540,000 RSUs were issued. The RSUs vest 1/4 on 1 March for each of the next four years. The total number of RSUs now outstanding is 12,682,500.

The following primary insiders were amongst the recipients of these RSUs.

Mr. Christoph Bausch, EVP and Chief Financial Officer, was granted 400,000 RSUs. After this transaction, Mr. Bausch holds 114,855 shares, 2,500,000 stock options and 400,000 RSUs in Archer Limited.

Mr. Max Bouthillette, EVP and General Counsel, was granted 300,000 RSUs. After this transaction, Mr. Bouthillette holds 175,000 shares, 1,750,000 stock options and 300,000 RSUs in Archer Limited.

Mr. John Lechner, EVP and President NSR, was granted 300,000 RSUs. After this transaction, Mr. Lechner holds 1,010,000 stock options and 300,000 RSUs in Archer Limited.

Mr. Ted Wooten, EVP and President NAM, was granted 300,000 RSUs. After this transaction, Mr. Wooten holds 1,250,000 stock options and 300,000 RSUs in Archer Limited.

Mr. Carlos Etcheverry, EVP and President LAM, was granted 200,000 RSUs. After this transaction, Mr. Etcheverry holds 185,437 shares, 1,441,937 stock options and 200,000 RSUs in Archer Limited.

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