Akastor - Director's Dealing 2014

Akastor ASA: Mandatory notification of trade

Fausken Invest AS, a wholly-owned subsidiary of the CEO of Akastor ASA, Frank O.

Reite, has today purchased 100,000 treasury shares in the company at a price of

NOK 18.72 per share. The transaction was made off market (OTC) as part of the

share purchase program for the CEO which was announced on November 6, 2014 and

pursuant to which Mr. Reite is entitled to purchase up to 100,000 Akastor shares

at the average market price during the first 20 trading days, less a discount of

20 percent and with a three years lock up period restriction.

Following today's transaction, Frank O. Reite holds 100,000 shares in Akastor

ASA, and Akastor ASA holds 1,855,611 own treasury shares.

For further information, please contact:

Tore D. Langballe

Head of Communications and Investor Relations

Mob: +47 907 77 841

Akastor ASA is an oilfield services investment company with a flexible mandate

for long-term value creation. The company exercises active ownership combining a

range of strategic, operational and financial measures to develop and unlock the

full value potential of its portfolio of companies. Akastor ASA employs

approximately 7,400 people.

This information is subject of the disclosure requirements pursuant to Sections

4-2 and 5-12 of the Norwegian Securities Trading Act.

ENDS

[HUG#1869819]

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