Akastor ASA: Successful placement of new USD 200m senior secured bonds by HMH

04 Dec 2025 17:15 CET

Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH has today successfully
completed a USD 200 million senior secured bond issue with a 3-year tenor and
a fixed coupon of 7.875% per annum (the "Bonds"). Reference is made to
Akastor's stock exchange notice on 2 December 2025. The net proceeds from the
Bonds will be applied towards settlement in full of HMH's existing USD 200
million senior secured bond issue with ISIN NO0013063495 ("HMHH02"). HMH
intends to seek for listing of the Bonds on Euronext ABM.

For further details reference is made to the separate announcement issued by
HMH and which is available on HMH's website: https://hmhw.com/investors/

For further information, please contact:

Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
E-mail: oyvind.paaske@akastor.com

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

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About HMH
HMH is a premier drilling solutions provider, which was formed as an
independent company in October 2021 through the merger of Baker Hughes'
(Nasdaq: BKR) Subsea Drilling Systems business and Akastor ASA's wholly owned
subsidiary, MHWirth AS.

HMH combines integrated delivery capabilities, capital, renowned industry
expertise and delivers the full range of offshore drilling equipment products
and packages at scale. HMH aims to support the industry's transition toward
more energy-efficient solutions, as well as deploying technologies and service
solutions to make the sector more competitive through increased drilling
efficiency. Moreover, the Company's service and technology portfolio will be
utilized as a springboard for future growth, both within drilling services and
when pursuing opportunities towards adjacent industries such as renewables and
mining.

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

About Akastor
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.

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

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