Archer Limited announced that the Board of Directors has appointed Alf Ragnar L-vdal, Orjan Svanevik and Harald Thorstein as Directors to fill vacant positions. Mr. Løvdal is Chief Executive Officer of North Atlantic Drilling Limited since January 2013 and has served as Senior Vice President for Seadrill in the Asia Pacific region from April 2009 until December 2012. Mr. Svanevik is an employee of the Seatankers Group and a director of Seadrill Limited. He was previously Managing Director for the investment advisory firm, Oavik Capital.

Mr. Thorstein is an employee of Frontline Corporate Services since 2011, prior to which he was employed in the Corporate Finance division of DnB NOR Markets from 2008 to 2011, specializing in the offshore and shipping sectors. Cecilie Fredriksen has resigned from the Board of Directors with immediate effect.