February 14, 2023 - NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) (THE "SECURITIES ACT") OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.

Aker Solutions ASA (the "Issuer") is offering holders of the Issuer's outstanding NOK 1,000,000,000 senior unsecured floating rate bonds due June 2024 (ISIN NO0010853286) (the "Bonds"), to tender any and all of their Bonds for purchase by the Issuer for cash at a purchase price of 102.00% of the nominal amount, plus any accrued and unpaid interest (the "Tender Offer"). The Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 14 February 2023 (the "Tender Information Document").

The Tender Offer is being made as part of the Issuer's commitment to exercise active management of its balance sheet.

The Tender Offer expires at 12:00 CET on 17 February 2023, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer (the "Expiration Date"). The Issuer will announce the results and whether any Bonds will be accepted under the Tender Offer as soon as reasonably practicable after the Expiration Date. Settlement of the Tender Offer is expected to occur on or around 22 February 2023. 

The terms and conditions of the Bonds will continue to be in effect for bondholders who do not participate in the Tender Offer, or whose Bonds are not accepted for repurchase by the Issuer.

The full terms and conditions of the Tender Offer can be found in the Tender Information Document attached to this press release.

The Issuer has mandated Nordea Bank Abp to act as dealer manager for the Tender Offer.

ENDS

Dealer Manager:
Nordea Bank Abp: +45 6136 0379 / nordealiabilitymanagement@nordea.com

Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@akersolutions.com

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.

Visit akersolutions.com and connect with us on Facebook, Instagram, LinkedIn, Twitter and YouTube.

This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act.

This stock exchange release was published by Daniel Ingebricson, Communications, Aker Solutions, on February 14, 2023 at 10:30 CET.

http://publish.ne.cision.com//Release/ViewReleaseHtml/D73309BB298970AFE0C856B0705FC7D6

https://mb.cision.com/Public/18353/3714425/900bb08660143ee1.pdf

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