Archer Limited: Mandatory notification of trade

Hamilton, Bermuda, 7 March 2023

Please see the attached forms for an overview of transactions in the shares of Archer Limited (the "Company") conducted by primary insiders in connection with the completion of the private placement announced by the Company on 7 March 2023.

This information is subject to the disclosure requirements in articles 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.