Aker

Transaction in Own Shares • Sep 30, 2025

Initiation of Share Buyback Program

Initiation of Share Buyback Program

Oslo, Norway - September 30, 2025 - Aker ASA ("Aker" or the "Company") has

decided to initiate a buyback program of up to 429,067 of its own shares. Shares

purchased under the program is intended to be used to settle a share loan from

TRG Holding AS announced on June 11, 2025, where the Company borrowed shares in

Aker that were used as consideration in the merger between Aker Horizons ASA's

subsidiary Aker Horizons Holding AS and a subsidiary of Aker. The merger was

completed on September 11, 2025.

The buyback program is carried out in accordance with the authorization granted

to the board of directors of Aker by the company's annual general meeting held

on April 30, 2025. According to the authorisation, the lowest and highest

purchase amount for each share shall be NOK 4 and NOK 1,200 respectively.

Share buybacks may be carried out in the period from this announcement and until

December 31, 2025.

Aker has issued an irrevocable mandate to Nordea Bank Abp, filial i Norge

("Nordea") to lead-manage the share buyback program. Nordea will make its own

trading decisions regarding the share repurchases independently of and without

influence from Aker.

Transactions under the share buyback will be conducted in accordance with the

Market Abuse Regulation (EU) No 596/2014 and Commission Delegated Regulation

(EU) No 2016/1052.

-ENDS-

Media contact:

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

Tel: +47 90 78 48 78

Email: atle.kigen@akerasa.com

Investor contact:

Fredrik Berge, Head of Investor Relations

Tel: +47 45 03 20 90

E-mail: fredrik.berge@akerasa.com

This information is subject to the disclosure requirements pursuant to Section 5

-12 the Norwegian Securities Trading Act and the requirements under the EU

Market Abuse Regulation.

The buyback and the distribution of this announcement and other information in

connection therewith may be restricted by law in certain jurisdictions, and the

buyback is not made in any jurisdiction in which this would be unlawful, require

registration or other measures. The Company does not assume any responsibility

in the event there is a violation by any person of such restrictions. Persons

into whose possession this announcement or such other information should come

are required to inform themselves about and to observe any such restrictions.

The buyback is not being made directly or indirectly in, or by use of the mails

of, or by any means or instrumentality of interstate or foreign commerce of, or

any facilities of a national securities exchange of, the United States of

America, its territories and possessions, any State of the United States and the

District of Columbia (the "United States") or any other jurisdiction in which

this would be unlawful. This includes, but is not limited to, facsimile

transmission, internet delivery, e-mail, telex and telephones. Accordingly,

copies of this release and any related documents are not being, and must not be,

mailed, e-mailed or otherwise distributed or sent in or into the United States

and so doing may invalidate any purported sales offer.