Aker Solutions — Transaction in Own Shares 2021

May 6, 2021

Aker Solutions ASA: Buy-Back of Own Shares to Meet Obligations Arising From Incentive Programs

Aker Solutions ASA: Buy-Back of Own Shares to Meet Obligations Arising From Incentive Programs

May 6, 2021 - Aker Solutions ASA ("Aker Solutions") will allocate shares to

eligible participants under two incentive programs established for executives

and senior managers of Kværner ASA ("Kvaerner"). The programs were originally

launched by Kvaerner in 2018 and 2019 and include a right to receive shares for

participants who remain employed after three years.

The obligation to honor share allocation in the programs was transferred from

Kvaerner to Aker Solutions as part of the merger of the companies on November

10, 2020. Participants in the programs are entitled to receive a total of

1,572,919 shares in Aker Solutions. 466,249 shares will be allocated in May 2021

and 1,106,670 shares, subject to no resignations, will be allocated in May 2022.

A third-party investment broker firm will under an irrevocable mandate issued by

Aker Solutions, in accordance with the regulations on market abuse and technical

standards, buy a total of 1,572,919 shares in the open market and handle onwards

allocation to eligible participants in the two incentive programs. Under the

mandate, the investment broker will make its own trading decisions and handle

the allocation independently of, and uninfluenced by, Aker Solutions.

The share purchases are expected to be finalized no later than end of June 2021

and are subject to statutory stock exchange disclosures. Aker Solutions' current

holding of 101,636 own shares will not be used to fulfil allocation under the

two incentive programs.

ENDS

Media Contact:

Torbjørn Andersen, mob: +47 928 85 542, email:

torbjorn.andersen@akersolutions.com

Investor Contact:

Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the

global energy industry. We enable low-carbon oil and gas production and develop

renewable solutions to meet future energy needs. By combining innovative digital

solutions and predictable project execution we accelerate the transition to

sustainable energy production. Aker Solutions employs approximately 14,000

people in more than 20 countries.

Visit akersolutions.com and connect with us on

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

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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.