ABL Group — M&A Activity 2018

May 24, 2018

Aqualis completes the sale of its 49.9% stake in ADLER Solar

Aqualis completes the sale of its 49.9% stake in ADLER Solar

The international energy consultancy Aqualis ASA ("Aqualis" or "Company") announced today that the Company has successfully completed the sale of its 49.9% investment in ADLER Solar to D2D4. Reference is made to the stock exchange announcements on 3 May. D2D4 has paid a cash consideration of EUR 250 thousands. There is an earn-out clause that may release up to EUR 349 thousand depending on the financial performance and ability of ADLER Solar to repay its original shareholder loan.

Following the sale, Aqualis will focus on its' core consultancy business in the oil and gas and offshore wind markets and strengthen its position as a leading global player.

For further information, please contact:

Kim Boman, CFO, Aqualis ASA

Telephone: +47 959 63 912

Email: kim.boman@aqualis.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the global oil and gas and renewable sectors. The group employs experienced consultants in 19 offices in 14 countries worldwide. Aqualis ASA operates under two different brands: Aqualis Offshore and Offshore Wind Consultants. Aqualis Offshore is a specialized offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.