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Regulatory press release

ACC: Aker Carbon Capture and Ørsted sign contract for delivery of five Just Catch units and equipment of over EUR 200 million

Aker Carbon Capture
Aker Carbon Capture and Ørsted, a global leader in renewable energy, have signed
the contract to develop a large-scale carbon capture project for the Ørsted
Kalundborg Hub in Denmark. Aker Carbon Capture will deliver five Just Catch
units, additional equipment such as liquefaction systems, and temporary CO2
storage and on-/offloading facilities with an expected total contract value
above EUR 200 million.

The carbon capture facilities will be delivered to Ørsted's wood chip-fired
Asnæs Power Station and the Avedøre Power Station's straw-fired boiler, where
today's signing ceremony took place. Combined, these facilities will have an
installed design capture capacity of 500,000 tonnes CO2 per year.

On 15 May, Aker Carbon Capture announced it had been awarded a large-scale
carbon capture project by Ørsted, a global leader in renewable energy, for its
Ørsted Kalundborg Hub in Denmark (see Aker Carbon Capture's announcement on 15
May 2023). This followed the 20-year contract award to Ørsted by the Danish
Energy Agency (DEA) for its carbon capture and storage (CCS) project, which was
officially signed on 31 May, after expiry of the mandatory standstill period.

The funding from the DEA will enable the realization of the first full-scale
carbon capture and storage value chain in Denmark, delivered by Ørsted, Aker
Carbon Capture, Microsoft and Northern Lights.

ENDS

Media contact:
Yannick Vanderveeren, mob: +47 458 36 358 (http://tel:+47 458 36 358),
email: yannick.vanderveeren@akercarboncapture.com
Investor contacts:
David Phillips, mob: +44 7710 568279 (http://tel:+44 7710 568279), email:
david.phillips@akercarboncapture.com
Christian Yggeseth, mob: +47 915 10 000 (http://tel:+47 915 10 000), email:
christian.yggeseth@akerhorizons.com

Aker Carbon Capture is a pure-play carbon capture company with solutions,
services and technologies serving a range of industries with carbon emissions,
including the cement, bio and waste-to-energy, gas-to-power and blue hydrogen
segments. Aker Carbon Capture's proprietary, carbon-capture technology offers a
unique, environmentally friendly solution for removing CO2 emissions.

Visit akercarboncapture.com (https://www.akercarboncapture.com/) and connect
with us on LinkedIn (https://www.linkedin.com/company/aker-carbon
-capture), Facebook (https://facebook.com/akercarboncapture),
Twitter (https://twitter.com/akercarbon),
Instagram (https://www.instagram.com/akercarboncapture/) and
YouTube (https://www.youtube.com/channel/UCqE71jAZxmM-CNhfUQq86kQ). This press
release may include forward-looking information or statements and is subject to
our disclaimer, see akercarboncapture.com (https://www.akercarboncapture.com/).
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