Akastor - Capital/Financing Update 2023

Akastor ASA: Settlement of USD 20m seller's credit

Reference is made to the stock exchange announcement on 29 November 2022 by

Akastor ASA (OSE: AKAST, "Akastor") regarding the sale by Akastor of certain

preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2

million purchase price was to be settled pursuant to a seller's credit

arrangement with maturity date 31 July 2024. Following a recent refinancing in

Odfjell Drilling, the USD 20 million seller's credit has now been fully and

finally settled.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

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.

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

-12 the Norwegian Securities Trading Act.

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