Aker - Capital/Financing Update 2026

Aker completes investment in Nscale s Series C funding round

As announced on March 9, 2026, Aker ASA ("Aker"), through a wholly owned

subsidiary, participated in the Series C funding round in Nscale Global

Holdings Ltd. ("Nscale") alongside leading global investors. The Aker elements

included (i) a cash investment of USD 350 million, (ii) the transfer of Aker's

50 percent ownership interest in the Aker Nscale joint venture to Nscale, and

(iii) full realization of the earn out mechanism. Aker has today completed

these elements. As announced on March 9, 2026, following completion of

Nscale's Series C funding, Aker's ownership in Nscale increases from 9.3

percent to approximately 23.9 percent on a fully diluted basis (approximately

27.3 percent of the share capital).

Further to this, as announced on March 16, 2026, Nscale has entered into an

agreement to acquire American Intelligence & Power Corporation. Following both

the completion of the acquisition, and the Series C funding round as described

above, Aker's ownership in Nscale is expected to be reduced to approximately

22.7 percent on a fully diluted basis (approximately 25.8 percent of the share

capital).

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Investor contact:

Fredrik Berge, Head of Investor Relations

+47 45 03 20 90

Media contact:

Atle Kigen, Head of Media Relations and Public Affairs

+47 90 78 48 78

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