Archer Limited : Minutes from the 2017 Annual General Meeting

Hamilton, Bermuda (September 23, 2017)

In addition, the following resolutions were passed:

1)   To re-elect Alf Ragnar Løvdal as a Director of the Company.

2)   To re-elect Kate Blankenship as a Director of the Company.

3)   To re-elect Ørjan Svanevik as a Director of the Company.

4)   To re-elect Giovanni Dell'Orto as a Director of the Company. 

5)   To re-elect John Reynolds as a Director of the Company.

6)   To re-elect Dag Skindlo as a Director of the Company.

7)   To re-appoint PricewaterhouseCoopers LLP as auditors and to authorized the Directors to determine their remuneration.

8)   That the remuneration payable to the Company's Board of Directors of a total amount of fees not to exceed US$500,000.00 be approved for the year ended December 31, 2017. 

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