Hamilton, Bermuda (March 31, 2022)

Archer has today published its annual report and its Environmental, Social and Governance (“ESG”) report for 2021.

The financial numbers in the annual report 2021 are identical to the preliminary full year 2021 results incorporated in the fourth quarter 2021 earnings release published on February 25, 2022.

The 2021 ESG report has been prepared in accordance with the framework established by the Sustainability Accounting Standards Board (SASB) for Oil and Gas Services.

Archer has this year published its roadmap to Net-Zero by 2050. Archer is committed to contribute to the ongoing energy transition.  As part of the roadmap to Net-Zero, Archer plan to be carbon neutral, for scope 1 & 2, in all countries with the exception of Argentina and Bolivia, in 2022.

The reports will also be available on Archer’s website: www.archerwell.com

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