Aker — M&A Activity 2020

Jun 11, 2020

Aker ASA: NOAKA agreement achieved

Aker ASA: NOAKA agreement achieved

Reference is made to Aker BP's stock exchange announcement stating that Aker BP

and Equinor have reached a commercial agreement for a joint development of the

NOAKA area.

The partners will immediately start preparations for submitting a Plan for

Development and Operation (PDO) in 2022. NOAKA is one of the largest field

developments planned on the Norwegian Continental Shelf in the coming years,

with a potential to generate significant activity and value across the industry

and for the Norwegian society.

END

For further information, please contact:

Investors:

Torbjørn Kjus, Chief Economist & Head of Investor Relations

Phone: +47 94 14 77 30

Media:

Atle Kigen, Head of Corporate Communications

Phone: +47 90 78 48 78

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

-12 of the Norwegian Securities Trading Act.