AH Seksten AS agreed to acquire 22.75% stake in Aker Clean Hydrogen AS (OB:ACH) for approximately NOK 860 million on March 30, 2022. To facilitate the Merger, Aker Horizons ASA will transfer all of its indirect shareholding in ACH from its subsidiary, Aker Horizons Holding AS, to AH Seksten AS, each at a price of NOK 4.6655 per share.Following the transfer of the 531,280,000 shares held indirectly by Aker Horizons ASA, Aker Horizons Holding AS will no longer have any ownership interest in ACH, AH Seksten AS will own 531,280,000 shares in ACH, corresponding to an ownership interest of approximately 77.25% and Aker Horizons ASA's indirect shareholding in ACH will accordingly remain unchanged. The merger will be carried out as a triangular merger whereby ACH will merge with Aker Horizons.

The merger will be carried out as a triangular merger whereby ACH will merge with Aker Horizons. Completion of the merger is subject to customary closing conditions, including approval by the shareholders of ACH and the Board of Directors of Aker Horizons ASA (OB : AKH). The deal is expected to close in June 2022.

As of June 14, 2022, the merger is expected to be completed after close of trading on the Oslo Stock Exchange on June 17, 2022. The annual general meeting of Aker Clean Hydrogen AS was on May 4, 2022 where all resolutions including approval of the merger plan dated March 30, 2022 regarding the merger with Aker Horizons ASA was approved. Advokatfirmaet BAHR AS, Carnegie AS acted as financial advisor and DNB Markets acted as legal advisor to Aker Horizons.

Pareto Securities AS acted as financial advisor to Aker Clean Hydrogen AS. Advokatfirmaet Thommessen AS acted as legal advisor to Aker Clean Hydrogen AS.