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Regulatory press release

Akastor ASA: Settlement of USD 20m seller's credit

Akastor
Akastor ASA: Settlement of USD 20m seller's credit

Reference is made to the stock exchange announcement on 29 November 2022 by
Akastor ASA (OSE: AKAST, "Akastor") regarding the sale by Akastor of certain
preference shares to Odfjell Drilling, of which USD 20 million of the USD 95.2
million purchase price was to be settled pursuant to a seller's credit
arrangement with maturity date 31 July 2024. Following a recent refinancing in
Odfjell Drilling, the USD 20 million seller's credit has now been fully and
finally settled.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

Oyvind.paaske@akastor.com

Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.
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