Archer

Major Shareholding Notification • Sep 25, 2025

Archer Limited: Disclosure of large shareholding

Archer Limited: Disclosure of large shareholding

Reference is made to the announcement made by Archer Limited ("Archer") on 24

September 2025 regarding the successful private placement (the "Private

Placement") of 8,848,000 new common shares in Archer. In connection with the

Private Placement, Paratus JU Newco Bermuda Limited, a wholly owned subsidiary

of Paratus Energy Services Limited ("Paratus"), sold 21,583,826 existing common

shares in Archer (the "Secondary Sale" and, together with the Private Placement,

the "Offering").

The following mandatory shareholding disclosures are made, in accordance with

section 4-2 of the Norwegian Securities Trading Act (the "NSTA"):

Hemen:

Prior to the Offering, Hemen Holding Limited ("Hemen") held 19,444,785 shares,

representing 21.5% of the share capital and votes in Archer. Pursuant to a share

lending agreement entered into in connection with the Offering, Hemen has lent

14,747,723 existing shares, representing 16.29% of the total number of existing

shares and votes in Archer to DNB Carnegie, a part of DNB Bank ASA, as

settlement agent, in order to facilitate delivery versus payment settlement of

shares in the Offering. Consequently, Hemen's shareholding in Archer will, upon

lending of such shares, temporarily cross below the 10% threshold pursuant to

Section 4-2 of the NSTA, and its shareholding will at such time be 4,697,062

shares, equal to 5.19% of total number of shares and votes in Archer.

Hemen has furthermore subscribed for and been allocated 11,007,368 shares in the

Offering. Following the delivery of such shares, Hemen will hold 15,704,430

shares in Archer, equal to 15.80% of the total number of shares and votes in

Archer following completion of the Private Placement.

The shares lent out will be redelivered to Hemen following issuance and delivery

of the new shares in the Offering, and Hemen will, taken together with number of

shares allocated to Hemen in the Offering, at such time hold 30,452,153 shares

in Archer, equal to 30.64% of the total number of shares and votes in Archer.

Paratus:

Prior to the Offering, Paratus held 21,583,826 shares, representing 23.8% of the

share capital and votes in Archer. In the Offering, Paratus sold 21,583,826

existing shares in Archer. Following delivery of such shares to applicants,

Paratus will not hold any shares in Archer.

Lodbrok:

Prior to the Offering, funds or accounts managed or advised by Lodbrok Capital

LLP ("Lodbrok") held 2,080,000 shares, representing 2.3% of the share capital

and votes in Archer. Lodbrok subscribed for and was allocated 4,676,735 shares

in the Offering. Following the delivery of such shares, Lodbrok will hold

6,756,735 shares in Archer, equal to 6.8% of total number of shares and votes in

Archer.

This information is subject to the disclosure requirements pursuant to section 4

-2 of the Norwegian Securities Trading Act.