Akastor

Akastor ASA: Cancellation of sale of "Skandi Peregrino" by DDW Offshore

Reference is made to press release dated 4 March 2025 in respect of Akastor

ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") and the agreement

to sell "Skandi Peregrino", which was conditional on charterer's consent. Since

the charterer has not accepted to novate the relevant contract on the vessel,

the agreement to sell the vessel has today been cancelled.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

release was published by Adina Gherghel, Office Manager, Akastor ASA, on 16 May

2025 at 19:30 CET.

****

About DDW Offshore:

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.

For further information, please visit homepage: www.ddwoffshore.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.

AI Terminal