Akastor

Share Issue/Capital Change • Feb 12, 2025

Akastor ASA: Completion of transfer of ownership interests in AKOFS Offshore

Akastor ASA: Completion of transfer of ownership interests in AKOFS Offshore

Reference is made to the press release dated 14 January 2025 regarding the

agreement in which Akastor ASA (OSE: AKAST) transfers 8.3% of the shares in

AKOFS Offshore AS ("AKOFS Offshore") to Mitsui O.S.K. Lines, Ltd. ("MOL"). The

transfer has now been completed in accordance with the agreed terms, whereby

Akastor and MOL now control 2/3 and 1/3 of the shares in AKOFS Offshore,

respectively.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

oyvind.paaske@akastor.com

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

-12 the Norwegian Securities Trading Act.

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About AKOFS Offshore:

AKOFS Offshore is a provider of vessel-based subsea well installation and

intervention services to the oil and gas industry. The company operates three

specialized offshore vessels, AKOFS Santos, Aker Wayfarer and AKOFS Seafarer,

with the first two vessels contracted to Petrobras for work in Brazil and the

last one contracted to Equinor for work on the Norwegian Continental Shelf. The

company employed 360 people as per the end of 2024. AKOFS Offshore is owned by

Akastor AS (66.7%) and Mitsui O.S.K. Lines, Ltd. (33.3%).

For further information, please visit homepage: https://www.akofsoffshore.com

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.