Archer

Share Issue/Capital Change • Sep 25, 2025

Archer Limited - Key information relating to subsequent offering

Archer Limited - Key information relating to subsequent offering

Reference is made to the stock exchange announcement made by Archer Limited (the

"Company") on 24 September 2025 regarding the successful private placement of

8,848,000 new shares in the Company (the "Private Placement"), and a potential

subsequent repair offering of up to 2,212,000 new shares at the same

subscription price as in the Private Placement (the "Subsequent Offering"). The

Subsequent Offering will, subject to applicable securities law, be directed

towards existing shareholders in the Company as of 24 September 2025 (as

registered in the VPS two trading days thereafter), who (i) were not included in

the pre-sounding phase of the Private Placement, (ii) were not allocated offer

shares in the Private Placement, and (iii) are not resident in a jurisdiction

where such offering would be unlawful or would (in jurisdictions other than

Norway) require any prospectus, filing, registration or similar action.

The following key information is provided with respect to the Subsequent

Offering:

Date on which the terms and conditions of the Subsequent Offering were

announced: 24 September 2025

Last day including right: 24 September 2025

Ex-date: 25 September 2025

Record date: 26 September 2025

Date of approval: 24 September 2025 (date of board meeting)

Maximum number of new shares: 2,212,000

Subscription price: NOK 22.50 per share

Shall the rights be listed: No

Other information:

The Subsequent Offering is, inter alia, subject to (i) completion of the Private

Placement, (ii) relevant corporate resolutions, including approval by the

Company's board of directors, (iii) prevailing market price of the Company's

shares, and (iv) the publication of a prospectus. The subscription period for

the Subsequent Offering is expected to commence following fulfilment of the

aforementioned conditions. The Company may decide that the Subsequent Offering

will not be carried out in the event that the Company's shares trade below the

subscription price in the Private Placement at adequate volumes. The Company

reserves the rights in its sole discretion to not conduct or to cancel the

Subsequent Offering.

This information is published in accordance with the requirements of the

Continuing Obligations for Euronext Oslo Børs.