Akastor - Capital/Financing Update 2021

Akastor ASA completes refinancing of its corporate credit facility

Reference is made to the joint press announcement dated 2 March 2021 from Baker

Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST). Simultaneous with the completion

of the transaction as announced per separate press release, Akastor has today

completed a refinancing of its existing Revolving Corporate Credit Facility.

The new Reducing Revolving Credit Facility consists of the following key

elements;

· a USD 89 million revolving credit (Facility A) to be reduced by USD 47.5

million on 31 March 2022;

· a NOK 250 million revolving credit facility (Facility B); and

· a NOK 250 million liquidity facility from Aker Holding AS which is

subordinated to Facility A and B.

Maturity Date of Facility A and B is 26 February 2023 and the liquidity facility

from Aker Holding AS matures one month later on 26 March 2023.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

This information is subject to the disclosure requirements pursuant to section

5.12 of the Norwegian Securities Trading Act.

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.

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