Archer Limited: CEO John Lechner resigns

Hamilton, Bermuda (March 22, 2019)

Archer Limited announces that CEO John Lechner has resigned from his position, effective immediately. He will remain as a senior advisor to the Archer leadership team during the transition period until a new CEO is appointed. During the interim period, Archer Chairman Kjell-Erik Østdahl will assume the role of Executive Chairman. Archer’s strategy remains intact and the process of finding a new CEO has begun.

Kjell-Erik Østdahl comments:  “On behalf of the Board of Directors, I would like to thank John for his leadership through a challenging period for the global oilfield service industry. I appreciate John’s contribution to Archer and wish him all the best in the future.”

For additional information, please contact:

Kjell-Erik Østdahl – Chairman of Archer Limited

Tel: (+47) 928 72 213

Email: koestdahl@orkankonsult.no

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