Akastor ASA: Award of shares under variable pay program

19 Jan 2026 07:30 CET

Fornebu, 19 January 2026 - Akastor ASA (OSE: AKAST) (the "Company") has today
awarded 252 387 shares under the Company's variable pay program to those
employees who elected payment in shares. In accordance with the terms and
conditions of the program, the number of shares awarded was calculated based
on the Company's average volume weighted share price on Euronext Oslo Børs
over the three last trading days up to and including 16 January 2026, being
NOK 11.6504 per share, less a 18 per cent discount due to the shares being
subject to a two-year lock-up period from the date of delivery.

The following primary insiders were awarded shares under the program:

Karl Erik Kjelstad (CEO), was through his company Byesvollen AS awarded
137 715 shares and now owns a total of 1 000 000 shares.

Øyvind Paaske (CFO) was awarded 41 870 shares and now holds a total of 246 979
shares.

Eirik Thomassen (EVP & General Counsel) was awarded 26 169 shares and now
holds a total of 73 542 shares.

Please see attached notifications for persons discharging managerial
responsibilities in Akastor in accordance with Regulation EU 596/2014 (MAR)
article 19.

Following the transaction, Akastor ASA holds a total of 1 189 482 own shares.

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
Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian
Securities Trading Act.

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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.

More information:
Access the news on Oslo Bors NewsWeb site

663800_Notification Form Primary Insiders 19 Jan 2026.pdf