Hamilton, Bermuda (October 30, 2014)

Third Quarter 2014 highlights

• Third quarter revenue from continuing operations of $593.1 million.
• Third quarter EBITDA from continuing operations at $70.1 million.
• Net income for the quarter of $13.3 million.
• Third quarter operational cash flow of $53.9 million.
• Net interest-bearing debt of $758.3 million at September 30, 2014.
• Archer Topaz successfully mobilized for the Heimdal contract in Norway.
• Agreed on terms to extend and increase available financing facilities.

In connection with the earnings release, a conference call will be held at 7:00 Houston time, 12:00 London time, 13:00 Oslo time on Friday October 31, 2014.

For information on how to attend the webcast, detailed information is found on our webpage; https://archerwell.com/page/48/webcast.htm

Questions should be directed to:
David King, Chief Executive Officer
Christoph Bausch, Chief Financial Officer

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