Archer Limited : Share capital increase - exercise of options

Hamilton, Bermuda (July 13, 2012)

In connection with Archer's option program, 50,000 options have been exercised
at a strike price of NOK 10.00 per share. After this transaction, the total
number of options outstanding in Archer Limited is 12,738,238.

In connection with the exercised options, Archer Limited has issued 50,000
common shares. The authorized share capital of Archer Limited is USD
1,200,000,000 divided into 600,000,000 common shares of par value USD 2.00 each.
Fully paid and outstanding share capital of Archer Limited following the share
capital increase is USD 733,318,240 divided into 366,659,120 fully paid common
shares of par value of USD 2.00 each.

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


[HUG#1626536]