Akastor

Legal Proceedings Report • Apr 26, 2024

Akastor ASA: Payment received of DRU award

Akastor ASA: Payment received of DRU award

Reference is made to Akastor ASA's (OSE: AKAST) announcement dated 18 April 2024

on the arbitration award issued in respect of the DRU contracts. Payment of the

principal sums awarded, in total USD 108 million (exclusive interest), has now

been received.

MHWirth AS and Akastor are engaging with the counterparty in respect of the

amount of interest awarded. Reference is made to announcement dated 22 April

2024 in this respect.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

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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.