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Regulatory press release

Akastor ASA: Akastor completes sale of Cool Sorption A/S

Akastor
Reference is made to the press release dated 22 December 2022. Akastor ASA
(AKAST) has today completed the sale of all shares in Cool Sorption A/S to
Diamond Key International Pty. Ltd. in line with the terms and conditions
described in the earlier announcement.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

E-mail: oyvind.paaske@akastor.com
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