Hamilton, Bermuda (February 24, 2015)

Archer Limited (“the Company”) has through market purchases executed on February 23, 2015 repurchased 850,000 of the Company’s own common stock at an average price of NOK 2.8763 per share.

After these transactions the Company has a holding of 850,000 treasury shares.

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