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Investor Presentaiton

Platform Drilling & Engineering North Sea market leader · • • Operates and maintains operator owned drilling equipment. Engineering services and rental of drilling tubulars Long-term contracts and strong cash flow generating business with limited capex. • Growth enablers: - Deploy modular rigs (several opportunities with start-up in 2020) - Expand services offered in North Sea - Expand rental equipment - Grow selectively internationally Archer Archer Archer Archer Secures production on 45 offshore platforms globally #1 in Norway #1 in UK Own and operate 2 modular drilling rigs ~2000 multi-skilled platform operators ~180 skilled engineers 7

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