Akastor

Akastor ASA: Sale of "Skandi Peregrino" by DDW Offshore

Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has

entered into a binding agreement to sell "Skandi Peregrino" for a purchase price

of USD 25 million, which today has become firm. The agreement is entered into on

Saleform 2012 terms, suitably amended, and completion is conditional on

charterer's consent.

The agreement is expected to be completed in Q2 2025 whereby about USD 10

million of the purchase price will be used to repay a proportional portion of

DDW Offshore's debt. Remaining debt with DDW Offshore will be about USD 19

million.

Upon completion, Akastor ASA intends to distribute a substantial portion of the

net proceeds of about USD 15 million as cash dividend to its shareholders.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

release was published by Jing Taklo, Head of Financial Reporting, Akastor ASA,

on 4 March 2025 at 09:05 CET.

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About DDW Offshore:

DDW Offshore owns three modern Anchor Handling Tug Supply (AHTS) vessels (Skandi

Atlantic, Skandi Emerald and Skandi Peregrino) 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.

For further information, please visit homepage: https://www.ddwoffshore.com

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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