Archer Limited: Completed tap issue

Hamiliton, Bermuda (June 26, 2026)

Archer Limited is pleased to announce that its' subsidiary Archer Norge AS(the "issuer") has successfully completed a USD 30 million tap issue in its outstanding senior secured bond due February 25, 2030, with ticker "ARNO02 PRO" and ISIN: NO0013476721 (the "Bonds"). Total outstanding amount under the Bonds following the tap issue is USD 447.5 million. The tap issue was priced at 106.25% of par value and was initiated by a reverse inquiry. Net proceeds from the tap issue will be used for general corporate purposes according to the bond terms.

For further information, please contact:

Espen Joranger | Chief Financial Officer | +47 982 06 812 | espen.joranger@archerwell.com

Joachim Houeland | Manager Treasury & Investor Relations | +47 482 78 748 | joachim.houeland@archerwell.com

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