Archer Limited : Archer Limited : Fourth Quarter and Preliminary 2012 Results

Archer Limited : Archer Limited : Fourth Quarter and Preliminary 2012 Results

Hamilton, Bermuda (February 28, 2013)

Fourth quarter 2012 highlights

  *Fourth quarter revenue of $537.3million.
  *Fourth quarter EBITDA of $29.5million including $13.1 million of
    exceptional costs.
  *Net loss for the quarter of $41.0million.
  *Fourth quarter operational cash flow of $81.9million.
  *Net interest bearing debt reduced to $1,161.1million at December31,
    2012.

In connection with the earnings release, a conference call/webcast will be
held at 1PM GMT (2PM CET) on Friday March 1, 2013.

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

Questions should be directed to:
Fredrik Halvorsen, Chief Executive Officer and Deputy Chairman
Christoph Bausch, Chief Financial Officer
Lars Bethuelsen, Senior Vice-President, M&A and Investor Relations


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Fourth Quarter and Preliminary 2012 Results

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Source: Archer Limited via Thomson Reuters ONE
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