Akastor ASA: Completion of transfer of ownership interests in AKOFS Offshore

12 Feb 2025 13:00 CET

Reference is made to the press release dated 14 January 2025 regarding the
agreement in which Akastor ASA (OSE: AKAST) transfers 8.3% of the shares in
AKOFS Offshore AS ("AKOFS Offshore") to Mitsui O.S.K. Lines, Ltd. ("MOL"). The
transfer has now been completed in accordance with the agreed terms, whereby
Akastor and MOL now control 2/3 and 1/3 of the shares in AKOFS Offshore,
respectively.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

oyvind.paaske@akastor.com

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

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About AKOFS Offshore:

AKOFS Offshore is a provider of vessel-based subsea well installation and
intervention services to the oil and gas industry. The company operates three
specialized offshore vessels, AKOFS Santos, Aker Wayfarer and AKOFS Seafarer,
with the first two vessels contracted to Petrobras for work in Brazil and the
last one contracted to Equinor for work on the Norwegian Continental Shelf. The
company employed 360 people as per the end of 2024. AKOFS Offshore is owned by
Akastor AS (66.7%) and Mitsui O.S.K. Lines, Ltd. (33.3%).

For further information, please visit homepage: https://www.akofsoffshore.com

Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

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