Aker Horizons ASA (OSE: "AKH"), through its wholly owned subsidiary Aker Narvik
AS ("Aker Narvik"), will collaborate with UiT The Arctic University of Norway's
("UiT") Faculty of Engineering Science and Technology ("IVT faculty") in Narvik
to develop the skills and competencies required for the green industrial jobs of
the future.

The collaboration is part of Aker Horizons' development of a green industrial
hub in Narvik in Northern Norway, where UiT offers several engineering programs
at the IVT faculty.

Aker Horizons and its portfolio companies, together with local industry, are
utilizing their capabilities across hydrogen and renewable energy to develop
green value chains and sustainable export industries in the Narvik region. UiT's
mission is to deliver high-quality education and research that contributes to
development, value creation and growth in the High North. The IVT faculty
educates engineers, civil engineers and PhD candidates in subject areas that are
of high relevance to the green industrial shift.

"Aker Narvik's projects will require a diverse range of industrial skills, and
hence skills development will be a cornerstone of the Narvik green industrial
hub. UiT's Faculty of Engineering Science and Technology is the ideal academic
partner for Aker Narvik in this regard. It has an outstanding professional
oriented education and broad study portfolio with interdisciplinary qualities
that are well suited to meet the industrial challenges of the future. Research
conducted at the faculty is focused on innovation in engineering and technology,
and is closely linked thematically to a number of industrial areas being
considered by Aker Narvik. In addition, the IVT faculty has advanced laboratory
facilities for the development and testing of new technology, which will serve
us well as we explore new frontiers within green industrial transformation,"
said Kristian Røkke, CEO of Aker Horizons.

"The Faculty of Engineering Science and Technology ("IVT") at the Narvik campus
has since 1955 had as its societal function to contribute to the development of
business in the region, through our engineering expertise. Our studies and our
research will contribute to new green industry, ensure employment and
sustainable development in Northern Norway. Therefore, it is important for us to
have a close collaboration with Aker Narvik. We want to contribute with
expertise, joint research projects, and contribute to a more progressive
University Campus in Narvik for both employees and students," said Faculty
Director Åsunn Lyngedal.

Aker Narvik and UiT's IVT faculty will explore opportunities for collaboration
to support undergraduate and graduate students writing theses on relevant areas
of study, and a collaboration for doctoral students, for example through the
Norwegian Research Council's Industrial PhD scheme. The parties will also seek
to jointly develop continuing education and training programs. Aker Narvik and
IVT also aim to initiate joint projects and position themselves to receive
support from relevant funding schemes, including Horizon Europe, the European
Union's research and innovation program that runs until 2027.

ENDS

For further information, please contact:

Christian Yggeseth, Investor Relations, Tel: +47 915 10 000,
christian.yggeseth@akerhorizons.com

Mathias Reierth, Communications, Tel: +47 988 05 724,
mathias.reierth@akerhorizons.com

About Aker Horizons

Aker Horizons develops green industrial projects and technologies that
accelerate the net zero transition. The company holds assets across renewable
energy and carbon capture, and develops green industrial hubs that combine low
-cost renewable energy with hydrogen production and downstream applications. As
part of the Aker group and its 180-year industrial heritage, Aker Horizons
applies industrial, technological and capital markets expertise to solve
fundamental challenges to sustainable existence. Aker Horizons is listed on the
Oslo Stock Exchange and headquartered in Fornebu, Norway. Through its portfolio
companies, Aker Horizons employs over 1,200 people across 18 countries and five
continents. www.akerhorizons.com

About UiT The Arctic University of Norway

UiT The Arctic University of Norway is the world's northernmost university and
has 17 000 students and 3700 staff. UiT contributes to knowledge-based
development at the regional, national and international level. The Arctic is of
increasing global importance, and our location on the edge of the Arctic implies
a mission. Climate change, the exploitation of Arctic resources and
environmental threats are topics of great global importance and concern, and we
take a special interest in this. At UiT, you can explore global issues from a
close-up perspective. https://www.uit.no/

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