Aker Horizons — Board/Management Information 2024

Sep 23, 2024

Recommendation from the Nomination Committee of Aker Horizons ASA

The Nomination Committee of Aker Horizons ASA (the Company) is comprised of Svein Oskar Stoknes (Chair) and Ingebret G. Hisdal. Charlotte Håkonsen serves as Deputy Member to the Committee.

In connection with the Extraordinary General Meeting of Aker Horizons ASA to be held on 14 October 2024, the Nomination Committee submits the following unanimous proposal.

Board of Directors

The Board of Directors of Aker Horizons ASA shall, according to the Company's articles of association, consist of between 3 and 9 members. The Board of Directors consists today of Øyvind Eriksen (Chair), Lone Fønss Schrøder, Trond Brandsrud and Kimberly Mathisen. Kjell Inge Røkke and Lene Landøy serve as Deputy Directors to the Board.

Aker ASA has proposed to the Nomination Committee that Kristian Røkke takes the position of Chair of the Board of the Company and that Øyvind Eriksen is named Deputy Chair of the Board. After due consideration, the Nomination Committee is of the opinion that the proposed changes are in the best interest of the Company and proposes that the General Meeting elects Kristian Røkke as the new Chair of the Board and Øyvind Eriksen as the Deputy Chair of the Board, each for a period until the Company's Annual General Meeting in 2026. The Board remains otherwise unchanged.

Kristian Røkke has been the CEO of Aker Horizons since the Company was established in July 2020 and will be succeeded by Lars P. Sørvaag Sperre as CEO effective 1 October 2024.

Prior to joining Aker Horizons, Kristian Røkke was Chief Investment Officer of Aker ASA, and CEO of Akastor ASA from August 2015 to December 2017. He spent several years in various operational and executive roles at Philly Shipyard ASA. He is currently Chair of the Board of several companies, including Aker Mainstream Renewable AS, Aker Carbon Capture ASA, Philly Shipyard ASA, and Director of the Boards of TRG Holding AS and HMH Holding BV. He holds an MBA from the Wharton School of the University of Pennsylvania. He is a Norwegian citizen.

Fornebu, 20 September 2024

Svein Oskar Stoknes Chair of the Nomination Committee