Aker Horizons ASA - Launch of buy-back offer for Convertible Bonds

12 May 2025 08:26 CEST

Reference is made to the announcement made by Aker Horizons ASA (the "Company"
or "Aker Horizons") on 9 May 2025 whereby the Company among other things
announced a contemplated merger, an early repayment of its NOK 2.5 billion green
bond and  that the Company will offer to repurchase its NOK 1.6 billion
Convertible Bond 2021/2026 with ISIN NO0010921596 (the bonds issued thereunder,
the "Convertible Bonds").

The Company has today launched an irrevocable offer to all holders of
Convertible Bonds to buy back Convertible Bonds in cash at a price equal to 93
per cent. of par value of the Convertible Bonds (the "Offer"). Aker Capital AS,
which holds Convertible Bonds equalling NOK 1.3 billion par value, has
undertaken not to accept the redemption offer.

DNB Carnegie, a part of DNB Bank ASA (the "Manager") has been engaged as Manager
to the Company for the Offer. Bondholders who are eligible to participate in the
Offer will be contacted by the Manager and may otherwise reach out to the
Manager (email: bond.syndicate@dnb.no) to receive the bondholders offer form
relating to the Offer.

Any Bondholders who wish to accept the Offer must have delivered a duly
completed bondholders offer form to the Manager within 16:00 CEST on 16 May
2025. The Company expects to be able to publish the result of the Offer on or
about 19 May 2025.

Contacts:

Kristoffer Dahlberg, Chief Financial Officer

Tel: +47 91 12 44 75

Email: kristoffer.dahlberg@akerhorizons.com

Jonas Gamre, Investor Relations

Tel: +47 97 11 82 92

Email: jonas.gamre@akerhorizons.com

IMPORTANT INFORMATION

This communication is not an offer to sell or purchase any securities, or the
solicitation of an offer to sell or purchase any securities in any jurisdiction
in which, or to any person to whom, such solicitation is not authorized or would
be unlawful. The information contained in this announcement is for background
purposes only and does not purport to be full or complete. No reliance may be
placed for any purpose on the information contained in this announcement or its
accuracy, fairness or completeness.

The publication, distribution or release of this announcement may be restricted
by law in certain jurisdictions and persons into whose possession any document
or other information referred to herein should inform themselves about and
observe any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.

More information:
Access the news on Oslo Bors NewsWeb site