Aker

Earnings Release • Feb 14, 2025

Aker ASA: Fourth Quarter and Preliminary Annual Results 2024 - NAV of NOK 58.2 billion. Cash dividend of NOK 26.50 per share proposed

Aker ASA: Fourth Quarter and Preliminary Annual Results 2024 - NAV of NOK 58.2 billion. Cash dividend of NOK 26.50 per share proposed

The Net Asset Value ("NAV") of Aker ASA and holding companies ("Aker") was NOK

58.2 billion at the end of the fourth quarter 2024, after dividends paid,

compared to NOK 57.0 billion at the end of the third quarter. Aker distributed a

dividend of NOK 2.6 billion in the quarter. Aker's Board of Directors ("the

Board") proposes to pay a cash dividend of NOK 26.50 per share for the fiscal

year 2024 and, in-line with previous years' practice, will propose an

authorization to pay an additional cash dividend in the second half of 2025.

"Overall, 2024 was an active year for Aker's portfolio companies. Alongside

strong project execution, several significant transactions were completed,

resulting in more than NOK 32 billion in dividends being distributed by the

portfolio companies to Aker and our fellow shareholders. This high level of

activity aligns with our strategy of maintaining a streamlined and focused

portfolio, with solid potential for increased upstream cash moving forward,"

said Øyvind Eriksen, President and CEO of Aker ASA.

"As we continue through 2025, we face a complex macroeconomic environment marked

by political and economic uncertainties beyond our control. I am pleased to see

that core segments in our portfolio are performing well, and new opportunities

are developed with a disciplined approach. By leveraging our strengths,

including lasting partnerships with global champions, transactional

capabilities, financial robustness, and flexibility to seize opportunities, I am

confident in Aker's ability to continue delivering shareholder value," said

Eriksen.

Key financials - fourth quarter 2024

. GAV: NOK 65.4 billion

. Industrial NOK 53.7 billion

Holdings:

. Financial NOK 11.7 billion

Investments:

. NAV: NOK 58.2 billion

. NAV per NOK 783

share:

. Share NOK 549

price:

. Dividend NOK 35.50 per share (NOK 2.6 billion)

paid:

. Liquidity: NOK 8.4 billion* of which NOK 0.7bn cash and liquid funds

(*incl. undrawn credit facilities)

Aker paid a total dividend of NOK 51 per share in 2024, based on the 2023 annual

accounts, representing a total dividend distribution of NOK 3.8 billion to

shareholders.

The Board today announced that it has proposed a cash dividend of NOK 26.50

kroner per share, based on the 2024 annual accounts. In line with the practice

in recent years, a second tranche will be considered by the Board in the second

half of this year.

The quarterly webcast presentation and materials are available at

www.akerasa.com and www.newsweb.no.

- END -

Media contact:

Atle Kigen, Head of Media Relations and Public Affairs, Aker ASA

Tel: +47 90 78 48 78

E-mail: atle.kigen@akerasa.com

Investor contact:

Svein Oskar Stoknes, Chief Financial Officer, Aker ASA

Tel: +47 94 80 46 43

email: svein.stoknes@akerasa.com

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Laila Hop, Paralegal, Aker

ASA, on February 14, 2025, at 07:10 CET.