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Archer Limited : Archer Limited : Disclosure of large shareholding



      Archer Limited : Archer Limited : Disclosure of large shareholding

February 11, 2013

Reference is made to the notification dated February 8, 2013 regarding the
completion of a private placement in Archer Limited (the "Company", OSE:
ARCHER).   

Hemen Holding Limited ("Hemen") has today been allocated 15,208,000 shares  in 
the private placement of Archer Limited. The shares were acquired at price USD
1.20 per share.  Furthermore, Hemen will  receive 416,658 shares in Archer  as 
compensation for underwriting parts of the private placement.

The  allocation  of  shares  is  conditional  on  the  Company's  shareholders 
resolving to increase the Company's authorized share capital and to reduce the
par value of the Company's authorized and issued shares at the special general
meeting to be held on February 13, 2013.

Following this purchase and the receipt of the underwriting commission,  Hemen 
will be the owner of 42,604,658 shares in the Company, corresponding to  7.36% 
of the total number of outstanding shares in the Company.

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This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Archer Limited via Thomson Reuters ONE
HUG#1677022
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