SLB and Aker Carbon Capture announce closing of carbon capture joint venture

14 Jun 2024 12:30 CEST

Oslo, 14 June 2024 - Aker Horizons ASA's portfolio company Aker Carbon Capture
ASA ("ACC") announced today the final closing of their previously announced
joint venture with SLB. The new company combines technology portfolios,
expertise and operations platforms to support accelerated carbon capture
adoption for industrial decarbonization at scale.

The new company will be headquartered in Oslo. SLB owns 80% of the new company
while ACC owns the remaining 20% stake.

Please see the announcements made by ACC on 27 March 2024 and 14 June 2024 for
more information regarding the transaction.

ENDS

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 Mats Ektvedt, Partner in
Corporate Communications, on 14 June 2024 at CEST 12:30

For further information, please contact:

Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07,
stian.andreassen@akerhorizons.com

Mats Ektvedt, Media, Tel: +47 41 42 33 28,
mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green industrial projects and technologies that
accelerate the net zero transition. The company holds assets across renewable
energy and carbon capture, and develops green industrial hubs that combine low
-cost renewable energy with hydrogen production and downstream applications. As
part of the Aker group and its 180-year industrial heritage, Aker Horizons
applies industrial, technological and capital markets expertise to solve
fundamental challenges to sustainable existence. Aker Horizons is listed on the
Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio,
the company is present on five continents. www.akerhorizons.com.

More information:
Access the news on Oslo Bors NewsWeb site

621526_SLB_and_Aker_Carbon_Capture_press_release.pdf