Hamilton, Bermuda (February 27, 2019)

Archer Limited (“the Company”) has through market purchases executed on February 27, 2019 repurchased 110,000 of the Company’s own common stock at an average price of NOK 6.1055 per share.

After these transactions the Company has a holding of 115,875 treasury shares.

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