Akastor ASA: Sale of Skandi Emerald by DDW Offshore

27 Apr 2026 10:30 CEST

Akastor ASA's (OSE: AKAST, "Akastor") subsidiary DDW Offshore AS ("DDW
Offshore") has entered into a binding agreement to sell the vessel "Skandi
Emerald" for a purchase price of USD 23 million. The agreement is entered into
on Saleform 2012 terms, suitably amended for the transaction.

Completion of the agreement is subject to customary closing conditions and is
expected to take place in Q2 2026. Following the vessel sale, DDW Offshore's
revolving credit facility will be reduced from USD 16 million to USD 8
million.

For further information, please contact:

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

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

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