Aker Horizons — AGM Information 2022

Mar 30, 2022

Aker Horizons ASA: Updated proposed resolutions by the board of directors to the 2022 AGM

Aker Horizons ASA: Updated proposed resolutions by the board of directors to the 2022 AGM

Reference is made to the stock exchange announcement made by Aker Horizons ASA

(the "Company" or "Aker Horizons") of 22 March 2022 giving notice of the annual

general meeting to be held on 22 April 2022 (the "AGM") and the recently

announced contemplated take-private mergers (the "Mergers") with Aker Offshore

Wind AS and Aker Clean Hydrogen AS whereby Aker Horizons will issue merger

consideration shares.

The Mergers are not subject to approval by the Company's general meeting as the

Company is not a direct party to the Mergers and will only issue consideration

shares. The Company plans to use the proposed board authorization relating to

future share capital increases to issue the consideration shares for the

Mergers. In order to maintain flexibility following the Mergers, the Board has

amended its proposed resolution to the AGM with respect to the proposed board

authorization relating to future share capital increases. The original proposed

resolution gave the board an authorization to increase the share capital by up

to 20% of the Company's current share capital as was consistent with its prior

authorization in 2021. The Company expects to increase the share capital by

approximately 13.22% related to the Mergers and has as a result proposed to

increase the board authorization to 35% to cater for the Mergers, while leaving

an approximate 20% authorization based on the shares outstanding after the

Mergers have been completed, as per the original proposal.

The Mergers are expected to be completed during June 2022.

Please find attached the updated Board of Directors' proposed resolution for the

2022 annual general meeting, where the above has been reflected. The document

will also be made available at www.akerhorizons.com.

ENDS

Contact Information:

Investor contact:

Christian Yggeseth, +47 915 10 000, christian.yggeseth@akerhorizons.com

Media contacts:

Ivar Simensen, +47 464 02 317, ivar.simensen@akerhorizons.com

About Aker Horizons

Aker Horizons ASA is a planet-positive investment company dedicated to

developing companies within renewable energy and other technologies that reduce

emissions or promote sustainable living. The company is listed on the Oslo Stock

Exchange and indirectly majority-owned by Aker ASA. Aker Horizons' investment

portfolio includes holdings in Aker Clean Hydrogen, Aker Offshore Wind, Aker

Carbon Capture and Mainstream Renewable Power.

www.akerhorizons.com

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

-12 of the Norwegian Securities Trading Act.