FORNEBU, Norway, June 30, 2023 - Reference is made to the stock exchange announcement on 29 November 2022 by Akastor ASA (OSE: AKAST) ("Akastor") regarding the sale by Akastor of certain preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2 million purchase price was to be settled pursuant to a seller's credit arrangement with maturity date 31 July 2024. Following a recent refinancing in Odfjell Drilling, the USD 20 million seller's credit has now been fully and finally settled.

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.


SOURCE Akastor ASA