Reference is made to the stock exchange release from earlier today whereby Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) announced an agreement to create a joint venture that will bring together Baker Hughes' Subsea Drilling Systems business with Akastor's wholly owned subsidiary, MHWirth AS. Attached hereto is the presentation to be used in the investor conference to be held as a webcast only on Tuesday March 2, 2021 at 14:00 CET (link to webcast below).

Live webcast and replay link:

https://channel.royalcast.com/landingpage/hegnarmedia/20210302_2/

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

http://publish.ne.cision.com//Release/ViewReleaseHtml/2F81C6FD9C28D173E0C856B0705FC7D6

https://mb.cision.com/Public/18618/3298291/b763d289d29216c1.pdf

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