Akastor

Investor Presentation • Oct 30, 2025

3Q 2025 Highlights

Distribution to shareholders

Dividend of NOK 0.40 per share approved, supported by realization of holding in Odfjell Drilling and aligned with strategy to return excess capital to shareholders.

Revenues improved quarter-on-quarter and margins strengthened, with adjusted EBITDA of USD 42 million and a 19% margin, reflecting resilience despite year-onyear softness in spares and products.

• AKOFS Santos formally awarded a four-year MPSV contract with Petrobras, commencing January 2027.
• 5-year CRS (Class Renewal Survey) for AKOFS Seafarer successfully completed in quarter, with ~45 days downtime impacting earnings.
• Strong performance across vessels in service—the two Brazil units and Seafarer pre-CRS.

Holding in Odfjell Drilling fully realized in September, generating NOK 118 million. Total proceeds from sale of shares in 2025 amount to NOK 222 million.

NET CAPITAL EMPLOYED 1)

NOK million, 30 September 2025

Book value per share (NOK)

Akastor's investment in Odfjell Drilling — key highlights

May 2018:

Akastor completes investment of USD 75 million in Odfjell Drilling Ltd. through preference shares and warrant agreement. The funds were applied to part finance the acquisition of Stena MidMax (later Deepsea Nordkapp).

November 2022:

Akastor sells the preference shares back to Odfjell Drilling for USD 95.2 million (USD 75.2 million cash at closing + USD 20 million seller credit maturing 31 July 2024). Warrants are retained.

May 2024:

Akastor receives 3,023,886 ordinary Odfjell Drilling shares upon exercise/settlement of the warrants (subscription price USD 0.01 per share).

Q2 & Q3 2025:

Shares in Odfjell Drilling realized, generating total net proceeds of NOK 222 million (VWAP NOK 73.5 / share).

Financial update

Ownership agenda

Q&A

Summary and outlook

• Revenue of USD 217 million in the quarter, up 3% year-onyear.
• EBITDA1) of USD 42 million in the quarter, down 8% year-onyear, but up 16% quarter-on-quarter with 19.3% EBITDA margin.
• USD 35 million in Free Cash Flow2) generated in 3Q 2025 driven by improvement in working capital and collection of project milestone payments.
• Order intake of USD 171 million in the quarter.
• HMH continues to advance strategic initiatives to strengthen margins and drive operational efficiency.

HMH highlights | 3Q 2025

• Revenue increase of 3% year-on-year and 7% quarter-on-quarter, primarily due to aftermarket services, partly offset by decrease in projects and products.
• EBITDA down 8% year-on-year, primarily due to spares and products volume, partly offset by an increase contract services and increased 16% quarter-on-quarter driven by contract services and a rebound in spares from prior quarter partially offset by a decrease in projects.
• Order intake down 12% year-on-year and down 1% quarter on quarter driven by a reduction in projects and spare parts order intake, partially offset by increase in service orders.
• Unlevered Free Cash Flow positive USD 35 million in the quarter, driven by project milestone collections and improved receivables management. Cash and cash equivalents totalled USD 57 million at the end of 3Q 2025.

Akastor © 2025

Proforma financials, IFRS

¹⁾ EBITDA adjusted for non-recurring expenses or costs defined as outside of normal company operations (USD 0.2 million adjustment in 3Q 25).

²⁾ Equipment backlog defined as order backlog within Projects, Products and Other.

³⁾ Free Cash Flow (unlevered) defined as cash generated from operating activities, less capex and development costs, and presented before interest payments.

Product line highlights

Aftermarket Services

• Revenue up 26% year-on-year and up 14% quarter-on-quarter driven by contract services.
• Order intake for 3Q 2025 was USD 99 million, up 42% year-on-year, mainly driven by contract services, partly offset by lower field services and repair activity. Quarter-on-quarter, intake increased 25%, supported by digital technology orders and contract services, with some offset from field services and repair activity.

Spares

• Revenue down 6% year-on-year driven by softer global offshore activity, but up 12% quarter-on-quarter due to a slight rebound of topside spares volume compare with prior quarter.
• Order intake for 3Q 2025 was USD 56 million, down 18% year-onyear and down 13% quarter-on-quarter, driven by lower offshore spares order volume, partially offset by an increase in international land spares activity.

Projects, Products & Other

Revenue down 16% year-on-year driven by lower product volume and down 8% quarter-on-quarter driven by decrease in projects partially offset by increasing product volume.

Akastor © 2025 1) Aftermarket Services: Includes services provided on installed drilling equipment and integrated digital solutions.

²⁾ Spares: Comprises replacement parts for installed equipment.

³⁾ Projects, Products & Other: Includes drilling equipment packages for new or reactivated rigs, standalone drilling products, and equipment for mining and other industries

Net interest-bearing debt

• Net debt of USD 144 million as per end of period (excl. shareholder loans).
• Leverage, LTM NIBD/EBITDA (adj.)1), at 1.0x per 3Q 2025
• RCF undrawn per Q3 2025 (USD 13 million repaid during the quarter).

IBD as per end of period	Amount	Key terms
Senior Secured Bond	200	Nordic Bond raised in 4Q 2023. Maturity November 2026. Fixed rate 9.875%.
Super Senior Secured RCF	0	USD 50m facility, maturity May 2026. Margin 350 – 425 bps.
Other 2)	1
Gross Interest-Bearing Debt	201
Net shareholder loans 3)	132	Subordinated, 8% PIK interest

¹⁾ Leverage calculated using LTM IAS17 EBITDA, as defined in the bond agreement.

²⁾ Draw on separate Chinese credit facility. Total facility size CNY 10m (~USD 1.4m), with CNY 5m drawn per Sept. 2025.

³⁾ Gross shareholder loan of USD 141 million net of a USD 9 million interest bearing receivable towards shareholders.

Financial update

Ownership agenda

Q&A

Net Capital Employed

Net Capital Employed per 3Q 2025 1)

NOK million

Development in 3Q 2025

NOK million

Net interest-bearing debt

Net debt development

NOK million

3Q 2025 highlights

• Net cash position increased through the quarter to NOK 279 million at quarter-end, including DDW Offshore net debt of NOK 169 million.
• Dividend of NOK 0.35 per share distributed to shareholders in July.
• Akastor fully divested its holding in Odfjell Drilling during Q3, generating total net proceeds of NOK 175 million, of which NOK 118 million was realized in September.
• "Other" included positive non-cash FX gains of NOK 3 million.

NOK million	3Q 2025
Current bank debt	237
Liquidity fund investment 1)	-443
Cash and cash equivalents	-73
Net bank debt	-279
AKOFS receivable	-418
HMH receivable 2)	-260
Other receivables	-50
Mitsui seller credit	38
Net interest-bearing debt (NIBD)	-970

External financing facilities and liquidity

Overview of financing facilities

Facility	Size	Maturity	Margin
Revolving Credit Facility (Akastor corporate)	USD 30 million	June 2027 1)	4.0%
Term loan (DDW Offshore)	USD 24 million	September 2026	10.85% 2)

• Corporate USD 30 million RCF agreed with banks for extension to June 2027, with only final documentation remaining.
• DDW term loan balance reduced to USD 24 million following a payment during the period. Refinancing discussions are ongoing.
• The undrawn NOK 70 million share financing facility was cancelled during the period following the sale of Odfjell Drilling shares.
• No corporate facilities were drawn upon at the end of the period.

Liquidity as of 30 September 2025

• Liquidity fund investment included in overview, as holding is convertible to cash on short notice.
• Cash includes NOK 69 million within DDW Offshore.
• Revolving Credit Facility remained fully undrawn per end of period.

Income statement 3Q 2025

NOK million	3Q 2025	3Q 2024	YTD 2025	YTD 2024
Revenue	130	99	284	202	]
Other income	0	0	0	630
Revenue and other income	130	99	284	832
EBITDA	27	25	39	626
EBIT	11	8	-5	594	_
Net financial items	38	-59	-127	843
Profit (loss) from equity-accounted investments	-0	58	-37	65
Profit (loss) before tax	49	6	-169	1 502
Tax income (expense)	-0	0	-0	-3
Profit (loss) from cont. operations	49	6	-169	1 499
Net profit (loss) from disc. operations	8	0	8	4
Profit (loss) for the period	57	6	-161	1 503

Revenue and other income (NOK million)	3Q 2025	3Q 2024	YTD 2025	YTD 2024
DDW Offshore	128	97	282	193
Other	2	2	2	639
Reported Group revenue and other income	130	99	284	832
EBITDA (NOK million)	3Q 2025	3Q 2024	YTD 2025	YTD 2024
EBITDA (NOK million) DDW Offshore	-	-		–
· · · · · · · · · · · · · · · · · · ·	2025	2024	2025	2024

COMMENTS

▪ Joint venture holdings, including HMH and AKOFS, are not consolidated in the Akastor group financials. Consolidated revenue and EBITDA thus only represent a minor part of Akastor's investments.

Income statement 3Q 2025 (cont.)

NOK million	3Q 2025	3Q 2024	YTD 2025	YTD 2024
Revenue	130	99	284	202
Other income	0	0	0	630
Revenue and other income	130	99	284	832
EBITDA	27	25	39	626
EBIT	11	8	-5	594
Net financial items	38	-59	-127	843	$\neg$
Profit (loss) from equity-accounted investments	-0	58	-37	65	ŀ
Profit (loss) before tax	49	6	-169	1 502	_
Tax income (expense)	-0	0	-0	-3
Profit (loss) from cont. operations	49	6	-169	1 499
Net profit (loss) from disc. operations	8	0	8	4
Profit (loss) for the period	57	6	-161	1 503

NOK million	3Q 2025	3Q 2024	YTD 2025	YTD 2024
Odfjell Drilling	22	-20	79	108
NES Fircroft	17	-7	23	44
Other investments	15	-15	7	-18
Contribution from financial investments	54	-42	109	134
Net interest on borrowings	4	5	15	-41
Net foreign exchange gain (loss)	-23	-27	-259	35
Other financial income (expenses)	4	4	8	715
Net financial items	38	-59	-127	843
НМН	81	100	145	234
AKOFS Offshore	-81	-42	-175	-170
Other	0	-0	-7	C
Profit (loss) from equity-accounted investments	-0	58	-37	65

COMMENTS

• Net financial items include noncash items from financial investments and a non-cash net foreign exchange loss of NOK 23 million.
• Net neutral contribution from equity-accounted investments in period (non-cash for Akastor).

Financial update

Ownership agenda

Q&A

Portfolio overview

Listed investments

Company	Service offering	Ownership
	Full-service drilling equipment and service provider	50%
	Engineering staffing and solution provider for technical industries	~15%1)
	Subsea well construction and intervention services	66.7%
	Owner of 3 mid-sized AHTS vessels	100%
	Energy and marine consultancy company	~5%
	Diversified investment platform	~2%
	Independent service provider to offshore wind and other energy sectors	36%

HMH

Business model

• Global full-service offshore and onshore drilling equipment provider with a broad portfolio of products and services.
• Large installed base providing firm foundation for strong customer relationship and recurring streams.

Quarterly highlights

• Revenue of USD 217 million, up 3% year-on-year and 7% quarter-on-quarter, driven by aftermarket services despite softer project and product volumes.
• Adjusted EBITDA of USD 42 million with a 19.3% margin, showing resilience with sequential improvement, though below last year due to mix and softer spares activity.
• Free Cash Flow of USD 35 million generated in 3Q 2025, driven by improvement in working capital.

Ownership agenda

• Expand the business through organic growth and valueadding acquisitions.
• Maintain a leading market position via customercentric R&D, catalyzed by digital technologies.
• Targeting to make investment liquid.

Capital Employed NOK 3 428 million

Akastor ownership 50%

~2 250 employees (FTE incl. contractors)

Large installed base of 116 offshore drilling rigs²⁾

EBITDA adjusted for non-recurring expenses or costs defined as outside of normal company operations (USD 0.2 million adjustment in 30 25).

NES Fircroft

Business model

• World's leading engineering staffing and solution provider for highly technical industries spanning a range of staffing services: Contract, Permanent Hire & Managed Solutions.
• Diversified range of high growth and strategic endmarkets with a recurring client base within different sectors: Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive and Chemicals.

Quarterly highlights¹⁾

• Both revenue and EBITDA increased by 5% compared to the third fiscal quarter in 2024.
• Leverage ratio decreased from 1.36x to 1.34x, whilst the Group's credit ratings were recently upgraded to Ba3 and B+.
• Staffing Industry Analysts (SIA) recently ranked NES Fircroft among the Largest Staffing Firms globally and as one of the Fastest-Growing in the US.

Ownership agenda

Akastor © 2025

• Pursue growth through both organic initiatives and selective M&A.
• Optimize value at exit.

Capital Employed NOK 743 million

Akastor ownership ~15%

~2 100 own employees (excl. contractors)

Leading global provider of engineering workforce management solutions with more than 80 global offices

Net Interest-Bearing Debt per 30 25¹⁾ of USD 198 million (excl. IDF draw of 126 million)

AKOFS Offshore

Business model

• Vessel-based subsea well construction and intervention services from concept development to offshore operations.
• Operates two subsea vessels in Brazil (Petrobras) and one LWI vessel in Norway (Equinor).

Quarterly highlights

• Aker Wayfarer and AKOFS Santos delivered revenue utilization of 97% and 94%, respectively.
• AKOFS Seafarer achieved a revenue utilization of 49% due to 45 days off-hire for the five-year CRS, which was completed on time and within budget.
• In October, AKOFS Santos was formally awarded new four-year MPSV contract with Petrobras, expected to commence in Jan. 2027. Total contract value of USD 246 million (approx. USD 140 million to go through AKOFS).
• An agreement was reached with MOL to restructure AKOFS Santos' debt, aligning ownership interests. As part of this, the Santos senior debt will be extended to Q1 2027.

Ownership agenda

• Secure delivery on order backlog.
• Explore strategic initiatives.

Capital Employed NOK 0 million

Akastor ownership 66.7%

Vessels	Location / Customer	Contract end
AKOFS Seafarer		4Q 2028
Aker Wayfarer		3Q 2027
AKOFS Santos		1Q 20311)

DDW Offshore

Business model

• Owns three Anchor Handling Tug Supply (AHTS) vessels with capability to operate and support clients on a world-wide basis.
• The vessels are specially designed to perform anchor-handling, towing, and supply services at offshore oil and gas fields.

Quarterly highlights

• All vessels remained on contract in Australia through 3Q, delivering 100% revenue utilization.
• EBITDA of NOK 43 million impacted by FX effects and certain non-recurring vessel costs.
• Skandi Emerald's contract with Petrofac ended in late October 2025. The vessel has demobilized to Singapore and is currently on a short-term fixed contract through mid-November, after which it will operate in the spot market ahead of its SPS early next year.

Ownership agenda

• Secure fleet utilization.
• Optimize value at exit.

Capital Employed NOK 319 million

Akastor ownership 100%

Key priorities for Akastor going forward

Targeting liquidity through separate listings, enabling gradual realization

Akastor © 2025

Optimize exit

Targeting to optimize timing of exit

Enable liquidity Develop and divest

Longer term horizon, with end goal of realizing investments (through cash or shares)

DISTRIBUTION TO SHAREHOLDERS (CASH OR SHARES) TARGETING TO DISTRIBUTE PROCEEDS FROM FUTURE REALIZATIONS TO SHAREHOLDERS

Financial update

Ownership agenda

Q&A

Appendix

Akastor © 2025 Akastor © | 2025 Slide 23

Selected transactions since inception in 2014

September 2025

Sale of shares received pursuant to Warrant Agreement

NOK 222m7)

January 2025

16.7% purchase of ownership interest from

USD 14m

May 2024

Acquisition of

Equity consideration of about 21% in FØN

July 2023

Sale of two DDW Offshore vessels to

USD 18m⁶⁾

April 2023

100% sale, against cash and shares in

NOK 353m⁵⁾

February 2023

100% sale to

DKK 20m

November 2022

Sale of preferred equity holding

USD 95m4)

February 2022

Establish JV

October 2021

merged with

establishing

owned by Akastor(50%) and Baker Hughes(50%)

October 2020

Restructuring and 50% acquisition of shares from DOF ASA

September 2020

Merger with

April 2019

FIRSTGEO

Merged for an economic interest stake of 55%

September 2018

50% sale to

M O L

USD 142.5m

April 2018

Preferred equity investment

USD 75m¹⁾

June 2017

100% sale to

USD 114m

December 2016

Merged for an initial equity stake of 15.2% in

NOK 400m

October 2016

100% sale to

NOK 1.200m

October 2016

100% sale to

NOK 1,025m

September 2016

Joint acquisition with

USD 66m²⁾

October 2016

100% sale to

USD 10m3)

November 2015

Real Estate portfolio

100% sale to

NOK 1,243m

Consolidated Income Statement

	Third Qu	arter	Fiscal	Year
NOK million	2025	2024	2025	2024
Revenues and other income	130	99	284	832
Operating expenses	-103	-74	-246	-206
EBITDA	27	25	39	626
Depreciation	-16	-16	-44	-32
Operating profit (loss)	11	8	-5	594
Net financial items	38	-59	-127	843
Profit (loss) from equity-accounted investments	-0	58	-37	65
Profit (loss) before tax	49	6	-169	1 502
Tax income (expense)	-0	_	-0	-3
Profit (loss) from continuing operations	49	6	-169	1 499
Net profit (loss) from discontinued operations	8	_	8	4
Profit (loss) for the period	57	6	-161	1 503
Attributable to:
Equity holders of Akastor ASA	57	6	-161	1 503

Consolidated Statement of Financial Position

	September 30	December 31
NOK million	2025	2024
Property, plant and equipment	305	390
Right-of-Use assets	6	9
Non-current interest bearing receivables	660	485
Equity-accounted investments	3 440	3 733
Other investments	986	1 251
Other non-current assets	1	1
Total non-current assets	5 397	5 868
Current operating assets	145	108
Current interest-bearing receivables	115	304
Liquidity fund investment	443	376
Cash and cash equivalents	73	47
Total current assets	775	835
Total assets	6 173	6 704
Equity attributable to equity holders of Akastor ASA	5 413	5 859
Total equity	5 413	5 859
Employee benefit obligations	70	76
Non-current liabilities	190	195
Non-current borrowings	46	292
Non-current lease liabilities	3	5
Total non-current liabilities	309	568
Current operating liabilities	172	191
Current borrowings	275	82
Current lease liabilities	4	4
Total current liabilities	451	277
Total equity and liabilities	6 173	6 704

Consolidated Statement of Cash flows

	Third (	Quarter	Fisca	l Year
NOK million	2025	2024	2025	2024
Profit (loss) for the period	57	6	-161	1 503
(Profit) loss for the period - discontinued operations	-8	0	-8	-4
Depreciations, amortization and impairment - continuing operations	16	16	44	32
Other adjustments for non-cash items and changes in operating assets and liabilities	-13	-84	193	228
Net cash from operating activities	51	-61	67	1 759
Payments for Property, Plant and Equipment	-O	-24	-0	-136
Payments related to sale proceeds adjustment for prior years' divestments	3	-7	-54	-183
Net changes in liquidity fund investments	-128	-398	-54	-398
Investment in joint ventures	0	0	-12	0
Cash flow from loan to equity-accounted investments	-5	-32	4	-69
Proceeds from other investing activities	175	5	222	15
Net cash from investing activities	45	-456	106	-772
Cash flow from changes in external borrowings	-18	0	-55	-1 082
Instalment of lease liabilities	-1	-8	-2	-25
Dividend paid	-95	0	-95	0
Net cash from financing activities	-114	-7	-153	-1 107
Effect of exchange rate changes on cash and cash equivalents	1	1	6	11
Net increase (decrease) in cash and cash equivalents	-17	-524	26	-109
Cash and cash equivalents at the beginning of the period	90	560	47	144
Cash and cash equivalents at the end of the period	73	36	73	36

Alternative Performance Measures (1 of 2)

Akastor discloses alternative performance measures as a supplement to the consolidated financial statements. Such performance measures are used to provide an enhanced insight into the operating performance, financing abilities and future prospects of the group.

These measures are calculated in a consistent and transparent manner and are intended to provide enhanced comparability of the performance from period to period. It is Akastor's experience that these measures are frequently used by securities analysts, investors and other interested parties.

• EBITDA earnings before interest, tax, depreciation and amortization, corresponding to "Operating profit before depreciation, amortization and impairment" in the consolidated income statement
• EBIT earnings before interest and tax, corresponding to "Operating profit (loss)" in the consolidated income statement
• Net current operating assets (NCOA) a measure of working capital. It is calculated by current operating assets minus current operating liabilities, excluding current financial investments

• Net capital employed (NCE) a measure of all assets employed in the operation of a business. It is calculated by net current operating assets added by non-current assets minus employee benefit obligations, other non-current liabilities and total lease liabilities

• Gross debt sum of current and non-current borrowings, which do not include lease liabilities

• Net debt gross debt minus cash and cash equivalents and highly liquid investments held in liquidity fund
• Net interest-bearing debt (NIBD) net debt minus interest-bearing receivables
• Equity ratio a measure of investment leverage, calculated as total equity divided by total assets at the reporting date
• Liquidity reserve comprises cash and cash equivalents, highly liquid investments held in liquidity fund and undrawn committed credit facilities

Alternative Performance Measures (2 of 2)

NOK million		September 30 2025	December 31 2024
	Non-current borrowings	46	292
	Current borrowings	275	82
Gross debt		321	373
Less:	Cash and cash equivalents	73	47
	Liquidity fund investment	443	376
	Net debt (Net cash)	-195	-49
Less:	Non-current interest-bearing receivables Current interest-bearing receivable	660	485
	Net interest-bearing debt (NIBD)	115 -970	304 -839

NOK million	September 30 2025	December 31 2024
Total equity	5 413	5 859
Divided by Total assets	6 173	6 704
Equity ratio	88%	87%
Cash and cash equivalents	73	47
Liquidity fund investment	443	376
Undrawn committed credit facilities	300	340
Liquidity reserve	816	763

NOK million	September 30 2025	December 31 2024
Current operating assets	145	108
Less: Current operating liabilities	172	191
Net current operating assets (NCOA)	-27	-84
Plus:
Total non-current assets	5 397	5 868
Less:
Non-current interest-bearing receivables	660	485
Employee benefit obligations	70	76
Other non-current liabilities	190	195
Total lease liabilities	7	9
Net capital employed (NCE)	4 443	5 020

Key figures | Group

AKASTOR GROUP

NOK million	3Q 24	4Q 24	1Q 25	2Q 25	3Q 25	YTD
Revenue and other income	99	90	76	79	130	284
EBITDA	25	23	3	9	27	39
EBIT	8	27	-11	-5	11	-5
NCOA	-84	-84	4	16	-27	-27
Net capital employed	4 832	5 020	4 799	4 652	4 443	4 443

Key figures | Split per company (1/4)

НМН

Figures presented on 100% basis

USD million	3Q 24	4Q 24	1Q 25	2Q 25	3Q 25	YTD 2025
Revenue	210	232	198	203	217	619
EBITDA (adj) [1]	46	47	33	36	42	111
EBITDA	44	47	29	34	42	105
EBIT	32	35	15	21	28	64
Order intake	194	211	198	173	171	542
Equipment backlog [2]	220	205	185	156	118	118
NIBD (incl. shareholder loans)	316	289	279	303	276	276

Key figures | Split per company (2/4)

AKOFS OFFSHORE

Figures presented on 100% basis

USD million	3Q 24	4Q 24	1Q 25	2Q 25	3Q 25	YTD 2025
Revenue and other income	38	34	34	37	28	99
EBITDA	11	8	10	10	3	23
EBIT	1	-2	0	0	-7	-7
CAPEX and R&D capitalization	3	1	2	2	14	19
Net capital employed	297	271	281	282	287	287
Order intake	-	296	-	-	-	-
Order backlog	252	506	491	467	420	420
NIBD (incl. shareholder loans and lease liabilities) $^{!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$	358	352	295	296	310	310

Key figures | Split per company (3/4)

DDW Offshore

NOK million	3Q 24	4Q 24	1Q 25	2Q 25	3Q 25	YTD 2025
Revenue and other income	97	85	75	79	128	282
EBITDA	40	44	28	28	43	98
EBIT	24	49	15	15	28	57
NCOA	43	25	33	35	14	14
Net capital employed	388	415	380	357	319	319

Key figures | Split per company (4/4)

OTHER HOLDINGS

NOK million	3Q 24	4Q 24	1Q 25	2Q 25	3Q 25	YTD 2025
Revenue and other income	2	5	1	-0	2	2
EBITDA	-15	-21	-25	-18	-16	-60
EBIT	-16	-22	-26	-19	-17	-62
NCOA	-127	-109	-29	-18	-42	-42
Net capital employed	832	891	902	842	697	697

Copyright and disclaimer

Copyright

Copyright of all published material including photographs, drawings and images in this document remains vested in Akastor and third party contributors as appropriate. Accordingly, neither the whole nor any part of this document shall be reproduced in any form nor used in any manner without express prior permission and applicable acknowledgements. No trademark, copyright or other notice shall be altered or removed from any reproduction.

Disclaimer

Presentation of quarterly results is not audited and may deviate from statutory reporting. This Presentation includes and is based, inter alia, on forwardlooking information and statements that are subject to risks and uncertainties that could cause actual results to differ. These statements and this Presentation are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Akastor ASA and Akastor ASA's (including subsidiaries and affiliates) lines of business. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "believes", "estimates" or similar expressions. Important factors that could cause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for Akastor ASA. oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time in the Presentation. Although Akastor ASA believes that its expectations and the Presentation are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in the Presentation. Akastor ASA is making no representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the Presentation, and neither Akastor ASA nor any of its directors, officers or employees will have any liability to you or any other persons resulting from your use.

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