Aker Horizons ASA: The merger between Aker Horizons Holding AS and AKH HoldCo AS is completed

11 Sep 2025 21:30 CEST

Reference is made to the previous announcements made by Aker Horizons ASA (the
"Company" or "Aker Horizons") regarding the merger between its subsidiary, Aker
Horizons Holding AS ("AKHH"), and AKH HoldCo AS ("AKH HoldCo"), a subsidiary of
Aker ASA (the "Merger") and the distribution by the Company of its shares in
AKHH as a dividend in-kind in order to enable the Company's shareholders to
benefit directly from the Merger consideration.

On 1 September 2025, it was declared that the conditions to complete the Merger
had been met and the AKHH shares was subsequently distributed to the eligible
shareholders in the Company as of 4 September 2025, as recorded in the VPS on 8
September 2025 (the "Record Date"). Today, the Merger was registered in the
Norwegian Register of Business Enterprises as completed.

Shareholders in Aker Horizons as recorded in the VPS on the Record Date (other
than AKH HoldCo) will as a result of completion of the Merger receive merger
consideration in the form of NOK 0.267963 in cash and 0.001898 shares in Aker
ASA for each share owned in Aker Horizons. Fractions of Aker ASA consideration
shares will not be allotted in the Merger. For each shareholder the number of
Aker ASA shares will be rounded down to each whole number, or to zero shares.
Excess shares, which because of this round down will not be allotted to eligible
shareholders, will be issued to and sold by DNB Bank ASA according to
instructions from Aker ASA at the expense and risk of the beneficiaries with a
proportionate distribution of net sales proceeds among the shareholders who have
the number of consideration shares rounded off.

The Merger consideration shares are expected to be delivered to the eligible
Aker Horizons shareholders' VPS accounts, and the Merger cash consideration is
expected to be paid out to the same shareholders on or about 12 September 2025.

Since the Merger is between AKHH and AKH HoldCo, shareholders in the Company
will retain their Aker Horizons shares, in addition to the allotted Merger
consideration shares in Aker ASA, following completion of the Merger. For more
information on Aker ASA, please visit www.akerasa.com.

ENDS

For further information:

Investor Relations:

Jonas Gamre
Mobile: +47 97 11 82 92
E-mail: jonas.gamre@akerhorizons.com

Media:

Mats Ektvedt
Mobile: +47 41 42 33 28
E-mail: mats.ektvedt@corporatecommunications.no

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

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