Reference is made to the announcement made by Archer Limited (“Archer“) on 24 September 2025 regarding the successful private placement (the “Private Placement“) of 8,848,000 new common shares in Archer. In connection with the Private Placement, Paratus JU Newco Bermuda Limited, a wholly owned subsidiary of Paratus Energy Services Limited (“Paratus“), sold 21,583,826 existing common shares in Archer (the “Secondary Sale” and, together with the Private Placement, the “Offering“).

The following mandatory shareholding disclosures are made, in accordance with section 4-2 of the Norwegian Securities Trading Act (the “NSTA“):

Hemen:

Prior to the Offering, Hemen Holding Limited (“Hemen“) held 19,444,785 shares, representing 21.5% of the share capital and votes in Archer. Pursuant to a share lending agreement entered into in connection with the Offering, Hemen has lent 14,747,723 existing shares, representing 16.29% of the total number of existing shares and votes in Archer to DNB Carnegie, a part of DNB Bank ASA, as settlement agent, in order to facilitate delivery versus payment settlement of shares in the Offering. Consequently, Hemen’s shareholding in Archer will, upon lending of such shares, temporarily cross below the 10% threshold pursuant to Section 4-2 of the NSTA, and its shareholding will at such time be 4,697,062 shares, equal to 5.19% of total number of shares and votes in Archer. 

Hemen has furthermore subscribed for and been allocated 11,007,368 shares in the Offering. Following the delivery of such shares, Hemen will hold 15,704,430 shares in Archer, equal to 15.80% of the total number of shares and votes in Archer following completion of the Private Placement.

The shares lent out will be redelivered to Hemen following issuance and delivery of the new shares in the Offering, and Hemen will, taken together with number of shares allocated to Hemen in the Offering, at such time hold 30,452,153 shares in Archer, equal to 30.64% of the total number of shares and votes in Archer.

Paratus:

Prior to the Offering, Paratus held 21,583,826 shares, representing 23.8% of the share capital and votes in Archer. In the Offering, Paratus sold 21,583,826 existing shares in Archer. Following delivery of such shares to applicants, Paratus will not hold any shares in Archer.

Lodbrok:

Prior to the Offering, funds or accounts managed or advised by Lodbrok Capital LLP (“Lodbrok“) held 2,080,000 shares, representing 2.3% of the share capital and votes in Archer. Lodbrok subscribed for and was allocated 4,676,735 shares in the Offering. Following the delivery of such shares, Lodbrok will hold 6,756,735 shares in Archer, equal to 6.8% of total number of shares and votes in Archer.

This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.