Aker Horizons (or the "Company") has successfully completed a private placement
raising NOK 1 billion in gross proceeds to strengthen Aker Horizons' balance
sheet ahead of investments in its portfolio companies and new direct
investments.

The Company will issue 28,985,507 new shares at NOK 34.50 per share. The private
placement was over-subscribed multiple times with strong domestic and
international demand from leading institutional investors. Baillie Gifford
Overseas Limited was allocated 13,500,000 shares, representing 46.6 percent of
the total share issue and resulting in an ownership of 4.6 percent in Aker
Horizons.

"Baillie Gifford recently became a key shareholder in our portfolio company Aker
Carbon Capture, and we are now pleased to also welcome Baillie Gifford as a key
shareholder in Aker Horizons," said Kristian Røkke, Chief Executive Officer of
Aker Horizons. "Aker Horizons strives to make a meaningful difference for the
environment and sees opportunity in a holistic approach to green value chains as
exemplified by our recent investments in Narvik."

Since the inception of Aker Horizons, the Company continues to grow a portfolio
dedicated to renewable energy and clean technologies. Portfolio company
investments include building scale across global platforms through Mainstream
Renewable Power, as demonstrated by their current construction of 1.4 GW wind
and solar assets in Chile, the recent launch of their Nazca 1 GW Chilean
platform and the new award of 1.27 GW in South Africa to Mainstream and
partners. New direct investments include the recently announced strategic
initiatives in the Narvik region to establish green value chains for power
-intensive industries in Northern Norway based on some of Europe's lowest priced
renewable energy.

Carnegie AS, DNB Markets, a part of DNB Bank ASA, and Morgan Stanley & Co.
International plc acted as joint bookrunners and managers for the private
placement. Advokatfirmaet BAHR AS acted as legal advisor to the Company and
Advokatfirmaet Thommessen AS acted as legal advisor to the Managers in the
private placement.

ENDS

Media contact:

Ivar Simensen, mob: +47 464 02 317,

email: ivar.simensen@akerhorizons.com

Investor contact:

Christian Yggeseth, mob: +47 915 10 000,

email: christian.yggeseth@akerhorizons.com

About Aker Horizons

Aker Horizons ASA is a planet-positive company dedicated to developing companies
within renewable energy and other technologies that reduce emissions or promote
sustainable living. The company is listed on the Oslo Stock Exchange and
majority owned by Aker ASA. Aker Horizons owns stakes in Aker Carbon Capture,
Aker Clean Hydrogen, Aker Offshore Wind and Mainstream Renewable Power.

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