Aker Carbon Capture

Transaction in Own Shares • Apr 28, 2023

Aker Carbon Capture ASA: Initiation of share buyback program

Aker Carbon Capture ASA: Initiation of share buyback program

Aker Carbon Capture ASA (the "Company") has decided to initiate a buyback of up

to 500.000 of its own shares for a total amount up to NOK 4 million. The buyback

program may be carried out in the period from this announcement and until 8 May

2023. The purpose of the program is to fulfil the Company's obligations under

its employee share purchase program for 2023.

The 2023 share purchase program allows the participants to acquire shares in the

Company for a value of up to 25% of their gross annual salary. A price reduction

of 25% of the share price will apply in exchange for the purchased shares being

subject to a three-year lock-up period.

The subscription period for the 2023 share purchase program took place on 26

April to 28 April 2023, following which the Company has received subscriptions

for a gross amount of NOK 3.906.000, including subscriptions from the following

primary insiders of the Company:

· Valborg Lundegaard, Chief Executive Officer

· Egil Fagerland, Chief Financial Officer

· Jon Christopher Knudsen, Chief Commercial Officer

· Erik Langholm, Chief Project Officer

· Jim Stian Olsen, Chief Technology Officer

· Tove Ormevik, Chief Operation & Aftermarket Officer

· David Phillips, Head of UK & Investor Relations

· Nina Westgaard, People & Organization Director

· Pernille Brente, General Counsel

The subscription price per share in the 2023 share purchase program will be

based on the average volume-weighted price of the Company's shares on Oslo Børs

over the trading days needed to buyback the number of subscribed shares. The

final number of shares will be allocated to participants in the 2023 share

purchase program after completion of the buyback of shares, and the allocated

shares are expected to be delivered to participants on or about 23 May 2023,

subject to timely payment, expected to be on 9 May 2023.

The Company has engaged DNB Markets to carry out the share buybacks in the

market. DNB Markets will make its trading decisions independently of, and

uninfluenced by, the Company. The buyback program will be made in accordance

with the authorization granted to the Board of Directors by the Company's Annual

General Meeting held on 18 April 2023.

Transactions will be conducted in accordance with the EU Market Abuse Regulation

(Market Abuse Regulation (EU) No 596/2014) and the Safe Harbour Regulation

(Commission Delegated Regulation (EU) No 2016/1052).

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

ENDS

Media contact:

Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),

email: yannick.vanderveeren@akercarboncapture.com

Investor contacts:

David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:

david.phillips@akercarboncapture.com

Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:

christian.yggeseth@akerhorizons.com

Aker Carbon Capture is a pure-play carbon capture company with solutions,

services and technologies serving a range of industries with carbon emissions,

including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen

segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a

unique, environmentally friendly solution for removing CO\2\ emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect

with us on LinkedIn (https://www.linkedin.com/company/aker-carbon

-capture), Facebook (https://facebook.com/akercarboncapture),

Twitter (https://twitter.com/akercarbon),

Instagram (https://www.instagram.com/akercarboncapture/) and

YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press

release may include forward-looking information or statements and is subject to

our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).