Aker Horizons — Board/Management Information 2024

Sep 17, 2024

Aker Horizons ASA: Lars P. Sørvaag Sperre appointed new CEO; Kristian Røkke proposed nominated as Chairman

Aker Horizons ASA: Lars P. Sørvaag Sperre appointed new CEO; Kristian Røkke proposed nominated as Chairman

Aker Horizons ASA ("Aker Horizons") announced that its Board of Directors has

appointed Lars P. Sørvaag Sperre as its Chief Executive Officer effective from 1

October 2024. Mr. Sperre will succeed Kristian Røkke, whom Aker ASA ("Aker")

will propose to the Nomination Committee of Aker Horizons to be appointed as

Chairman of the Board at an Extraordinary General Meeting.

"It is a pleasure to welcome Lars as Aker Horizons' new CEO. His extensive track

record with industrial development activities and capital markets, as well as

having navigated complex situations in Norske Skog, will allow him to hit the

ground running in steering the company through its next phase," said Øyvind

Eriksen, CEO of Aker ASA and current Chairman of Aker Horizons. "On behalf of

the entire Board, I would like to thank Kristian for his leadership the last

four years. His new role as Chairman of the Board will ensure continuity for the

company going forward."

Lars P. S. Sperre will assume the role as CEO, effective 1[ ]October 2024. Mr.

Sperre's experience includes a 17-year career at Norske Skog, including as SVP

Corporate Strategy and CEO. He holds a law degree from the University of Bergen.

Aker will propose to the Nomination Committee of Aker Horizons that Kristian

Røkke takes the position of Chairman of the Board of Aker Horizons ("the

Board"). Further, Aker will propose that Øyvind Eriksen is named Deputy Chairman

of the Board. The Board remains otherwise unchanged. The Nomination Committee

has been informed of Aker's planned proposal and will discuss it at its earliest

convenience. Aker Horizons will soon call for an Extraordinary General Meeting.

"The energy transition continues to be both an enormous investment challenge and

an unprecedented opportunity. Over the past four years, we have experienced

firsthand the complexities of being a first mover in emerging markets and new

technologies, while achieving progress in advancing the energy industry's path

to Net Zero. I am confident these experiences will serve us well as the industry

continues to evolve. I look forward to contributing to the next phase of this

journey in my new role as Chairman," said Kristian Røkke.

"Investments in renewables have faced headwinds the last few years, but

opportunities ahead are considerable. I am honored and ready to carry the baton

in Aker Horizons and look forward to joining the team," said Lars P.S. Sperre.

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 announcement was published by Mats Ektvedt, Partner in

Corporate Communications, on 17 September 2024 at 08:15 CEST.

For further information, please contact:

Mats Ektvedt, Media

Tel: +47 41 42 33 28

mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the

transition to Net Zero. The company is active in renewable energy, carbon

capture and hydrogen and develops industrial-scale decarbonization projects. As

part of the Aker group, Aker Horizons applies industrial, technological and

capital markets expertise with a planet-positive purpose to drive

decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and

headquartered in Fornebu, Norway. Across its portfolio, the company is present

on five continents. www.akerhorizons.com