Aker Solutions - Regulatory Filings 2020

Aker Solutions Secures Maintenance and Modifications Work for Aker BP

June 29, 2020 - Aker Solutions has signed a two-year contract extension for

maintenance and modifications for Aker BP's Ula, Skarv, Valhall and Tambar

fields offshore Norway.

Work under the contract will start from December 1, 2020 and follows the

existing contract with Aker BP where Aker Solutions and Aker BP work under a

joint modification alliance model.

"We are delighted to continue to provide maintenance and modifications work for

Aker BP," said Linda L. Aase, executive vice president, brownfield projects at

Aker Solutions. "Work under the new alliance has proved to be efficient and the

alliance has continued to improve deliveries and develop new ways of working."

The total value of the contract is estimated at about NOK 1.7 billion. The

contract will be booked as order intake in the second quarter of 2020.

ENDS

Media Contact:

Ivar Simensen, mob: +47 464 02 317, email: [email protected]

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: [email protected]

Aker Solutions helps the world meet its energy needs. We engineer the products,

systems and services required to unlock energy. Our goal is to maximize recovery

and efficiency of oil and gas assets, while using our expertise to develop the

sustainable solutions of the future. Aker Solutions employs approximately 15,000

people in more than 20 countries.

Visit akersolutions.com and connect with us on

Facebook (https://www.facebook.com/AkerSolutions/),

Instagram (https://instagram.com/akersolutions/),

LinkedIn (https://www.linkedin.com/company/aker-solutions),

Twitter (https://twitter.com/akersolutions) and

YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is

subject to our disclaimer, see https://akersolutions.com

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

-12 of the Norwegian Securities Trading Act.

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