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Regulatory press release

AFG: Onshore disposal services contract for AF Gruppen

AF Gruppen
AF Gruppen has today received a notification of award for a contract from
Heerema Marine Contractors (HMC) for the engineering, receipt, dismantling and
recycling of the Oseberg Øst platform, operated by Equinor Energy AS, in the
Norwegian sector of the North Sea. The weight of the Topside & Jacket
structures is close to 18,000 metric tons with an option to include conductors
with an estimated weight of 3,000 metric tons. The structures will be received
between 2027 - 2033 at AF Environmental Base Vats.

"We are very pleased to have been awarded this contract by HMC. This project is
within our core competencies, and the award is a recognition of our significant
track record in delivering safe and efficient onshore dismantling & recycling
solutions," says Lars Myhre Hjelmeset, EVP Offshore at AF Gruppen.


For further information:

CEO AF Gruppen: Amund Tøftum, tel. +47 920 26 712
EVP Offshore AF Gruppen: Lars Myhre Hjelmeset, tel. +47 970 39 084
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