Akastor

Akastor ASA: DDW Offshore secures two contracts with an international oil company

Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has been

awarded two one-year contracts, each with a further 24-month priced option

structure, with an international oil company for the anchor handling tug supply

(AHTS) vessels Skandi Peregrino and Skandi Atlantic. The vessels will provide

anchor handling and towage services in Australia, commencing on January 1, 2025,

and March 1, 2025, respectively.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act.

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Akastor is a Norway-based oil-services investment company with a portfolio of

industrial holdings and other investments. The company has a flexible mandate

for active ownership and long-term value creation.

DDW Offshore owns three modern Anchor Handling Tug Supply (AHTS) vessels (Skandi

Atlantic, Skandi Emerald and Skandi Peregrino) with capability to operate and

support clients on a world-wide basis. The vessels are specially designed to

perform anchor-handling, towing, and supply services at offshore oil and gas

fields.

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