Hamilton, Bermuda (February 25, 2015)

Archer Limited (“the Company”) has through market purchases executed on February 24, 2015 repurchased 600,000 of the Company’s own common stock at an average price of NOK 2.6719 per share.

After these transactions the Company has a holding of 1,450,000 treasury shares.

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