Archer

Archer Limited: Archer secures a 5-year contract extension worth USD 110 million

Hamilton Bermuda, (November 14, 2025)

Archer has been awarded a five-year contract extension for platform drilling and

maintenance services in the UK with an estimated contract value of USD 110

million. The extension will commence 1st May 2026 in direct continuation of the

current contract. Over the next five years Archer will continue to deliver

drilling, workover, abandonment operations and Maintenance Services for the

customer. The contract award gives us visibility and support our growth plans in

the UK market.

Alexander Olsson, EVP Platform Operations comments: ''We are delighted that

Archer was elected to continue our work for the client. This contract extension

reflects our client's confidence in our ability to maintain safe and efficient

operations across both assets. This extension is testament to the hard work and

dedication of our personnel who have been longstanding in support of both

assets. We firmly believe this extension is a result of Archer's continual

commitment to provide our clients with solutions to improve well delivery,

Integrity and performance''.

For additional information, please contact:

· Espen Joranger, Chief Financial Officer - Mobile: +47 982 06 812, Email:

· Joachim Houeland, Manager Treasury and Investor Relations - Mobile: +47 482

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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