Reference is made to the stock exchange announcement on July 1, 2021, regarding the letter of intent to merge the two companies' existing offshore decommissioning operations.

Although the strategic rationale is still strong, the parties have not succeeded in reaching a final agreement, and the process is hereby ended. Aker Solutions looks forward to continuing a constructive relationship with AF Gruppen in other business areas in the future.

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.

Contact:

Media

Torbjorn Andersen

Corporate

T: +47 928 85 542

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