Hamilton Bermuda (June 29, 2017)

Further to the release issued by Archer Limited (the “Company”) on June 16, 2017, the Company is pleased to announce that all conditions precedent to the Restructuring Documents have been satisfied. This means that the debt refinancing of the Company, as announced on 28 February 2017, has been completed.

Enquiries:
Dag Skindlo, CFO and EVP Strategy
+ 47 98 22 66 24
dag.skindlo@archerwell.com

Joachim Houeland, Corporate Treasurer
+47 482 78 748
joachim.houeland@archerwell.com   

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