Aker Horizons

Capital/Financing Update • Sep 15, 2025

Denne melding til obligasjonseierne er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee AS.

To the bondholders in:

ISIN: NO0010921596 - Aker Horizons AS 1.50 per cent. subordinated unsecured convertible NOK 1,500,000,000 bonds 2021/2026

Oslo, 15 September 2025

Adjustment of Conversion Price

Nordic Trustee AS (the "Bond Trustee") acts as bond trustee for the Bondholders in the above mentioned bond issue (the "Bond Issue") where Aker Horizons ASA is the issuer (the "Issuer"). All capitalized terms used herein shall have the meaning assigned to them in the bond terms dated 4 February 2021 (the "Bond Terms").

The Issuer has informed the Bond Trustee that as a result of the distribution of shares in Aker Horizons Holding AS to shareholders of record on 8 September 2025, the Conversion Price and Reference Share Price has been adjusted pursuant to Clauses 13.1(c) and 13.6 of the Bond Terms, effective as of 12 September 2025, as follows:

• · the Conversion Price has been adjusted from NOK 43.75 to NOK 9.3344; and
• · the Reference Share Price has been adjusted from NOK 35 to NOK 7.4675

Yours sincerely Nordic Trustee AS

ars Erik Tærur