Aker Horizons — Share Issue/Capital Change 2021

Feb 8, 2021

Aker Horizons – End of stabilisation and exercise of greenshoe option

Aker Horizons – End of stabilisation and exercise of greenshoe option

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Aker Horizons – End of stabilisation and exercise of greenshoe option

Oslo, 8 February 2021: Reference is made to the announcement on 1 February 2021 regarding potential stabilisation activities in respect of the shares in Aker Horizons AS ("Aker Horizons" or the "Company", trading symbol "AKH") in connection with a Private Placement of shares in the Company (the "Private Placement") and admission of the Company's shares on Euronext Growth Oslo (the "Listing").

ABG Sundal Collier ASA, acting as stabilisation manager in connection with the Private Placement, hereby gives notice that the stabilisation period has been discontinued. No stabilisation transactions have been undertaken.

In order to permit the redelivery of the 11,857,142 shares in the Company which were borrowed from Aker Capital AS and over-allotted in the Private Placement, ABGSC has exercised its option to subscribe for 11,857,142 new shares in the Company at the offer price of NOK 35.00 per Offer Share. After the issuance of the new shares, the number of shares outstanding in the Company will be 580,750,658 shares, each with a par value of NOK 1.00.

ABG Sundal Collier ASA, DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge and Pareto Securities AS act as Joint Global Coordinators and Joint Bookrunners, and Carnegie AS and Skandinaviska Enskilda Banken AB (publ) act as Joint Bookrunners (and together with the Joint Global Coordinators the "Managers") for the Private Placement.

For further information, please contact:

ABG Sundal Collier ASA

Magnus Kvinge

Tel: +47 22 01 60 00

Important Notice

This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "strategy", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Aker Horizons believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. Aker Horizons undertakes no obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.

This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of Aker Horizons. Neither the Company, ABG Sundal Collier ASA, DNB Markets, a part of DNB Bank ASA, Nordea Bank Abp, filial i Norge, Pareto Securities AS, Carnegie AS, Skandinaviska Enskilda Banken AB (publ) nor any of their respective affiliates accepts any liability arising from the use of this announcement.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act