Archer Limited : Archer Limited : Share capital increase

           Archer Limited : Archer Limited : Share capital increase

Hamilton, Bermuda (February 20, 2013)

Archer Limited (the "Company") has today issued 212,500,667 new shares of  par 
value USD 1 each (the "New Shares") as settlement of the previously  announced 
Private Placement on February 8, 2013 and the underwriting commission.

The New Shares were issued after the  par value reduction and the increase  of 
the authorized share capital resolved at the Company's special general meeting
on February  13, 2013,  were  affected on  February  19, 2013.  The  Company's 
authorized share  capital  is  USD 1,200,000,000  divided  into  1,200,000,000 
shares of par value USD 1.00  each. The Company's share will commence  trading 
with par value of USD 1.00 each, as per today.

The issued and paid-up  share capital of the  Company following the par  value 
reduction and the issuance of the  New Shares is USD 579,159,787 divided  into 
579,159,787 fully paid shares of  par value of USD  1.00 each. The New  Shares 
will be admitted  for trading  on the Oslo  Stock Exchange  once a  prospectus 
relevant thereto  has been  approved by  the Norwegian  Financial  Supervisory 
Authority. This is expected by the end of March 2013.

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


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
information contained therein.

Source: Archer Limited via Thomson Reuters ONE
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