Akastor — AGM Information 2015

Mar 13, 2015

Akastor ASA: The board of directors' proposal to the annual general meeting

Akastor ASA: The board of directors' proposal to the annual general meeting

13 March 2015 - The annual general meeting of Akastor ASA will be held on

Wednesday 8 April 2015 at 09:00 a.m. CEST at Fjordalleen 16 in Oslo, Norway.

In the board meeting 13 March 2015, the board of directors resolved to propose

to the annual general meeting of Akastor that the board is authorized to

increase the company's share capital for the purpose of (i) financing

investments and acquisitions and (ii) distributing dividend in the form of

shares, each authorization limited to 25 percent of the share capital. The

notice of meeting and proposed resolutions will be published and sent to the

shareholders 17 March 2015.

ENDS

For further information, please contact:

Tore D. Langballe

Head of Communications and Investor Relations

Mob: +47 907 77 841

E-mail: tore.langballe@akastor.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1903451]