Aker Solutions ASA (AKSO): Block sale of existing shares completed and disclosure of large shareholding

03 Nov 2022 07:57 CET

Oslo, Norway - 3 November 2022.

Reference is made to the stock exchange notice published on 2 November 2022
regarding a potential block sale of existing shares in Aker Solutions ASA (the
“Company”) by the Norwegian state, represented by the Norwegian Ministry of
Trade, Industry and Fisheries (the “NMTIF” or “Seller”) through a private
placement (the “Offering”).

The Seller has successfully sold 30,092,942 shares in the Company (representing
approx. 6.11% of the Company’s outstanding shares and votes) at NOK 39.30 per
share.

Following completion of the Offering, the Seller holds 30,092,943 shares in the
Company (representing approx. 6.11% of the Company’s outstanding shares and
votes). The Seller holds no additional rights to shares or votes in the Company.
The Seller has entered into a 90-day customary lock-up with the Managers on the
remaining shares in the Company held by the Seller after the Offering.

The notification of allocation in the Offering is expected to be communicated on
or about 3 November 2022 (trade date). The settlement in the Offering is
expected to take place on or about 7 November 2022 (settlement date) on a
delivery versus payment basis (DVP T+2).

Pareto Securities AS and SpareBank 1 Markets AS acted as joint lead managers and
joint bookrunners in connection with the Offering (the “Managers”). Wikborg Rein
Advokatfirma AS acted as legal counsel to the NMTIF in connection with the
Offering.

This disclosure is made pursuant to section 4-2 of the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site