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Regulatory press release

Akastor ASA: HMH appoints Dan Rabun as Chairman of the Board of Directors

Akastor
Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH")
has today announced that Mr. Daniel "Dan" W. Rabun has been appointed as
Chairman of the Board of Directors effective October 21, 2024.

Mr. Rabun is a seasoned executive with extensive leadership experience across
multiple industries, having held key roles such as CEO, Chairman, and Board
member at major companies, including Ensco plc, Golar LNG Ltd, ChampionX
Corporation, Borr Drilling, and APA Corporation.

A copy of HMH's announcement with further details can be found on their
webpage
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