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Regulatory press release

Akastor ASA: Successful placement of new USD 150m senior secured bonds by HMH

Akastor
Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has
today successfully completed a USD 150 million senior secured bond issue with a
tenor of 3 years. Reference is made to Akastor's stock exchange message on 14
January.

Settlement date is set to 10 February 2022 and the bonds will be sought listed
on the Oslo Stock Exchange. The net proceeds from the bond issue will be used by
HMH for repayment of a bridge loan as well as for general corporate purposes.

DNB Markets, Nordea, Pareto Securities and SEB acted as joint lead managers in
connection with the bond issue.

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

E-mail: oyvind.paaske@akastor.com

This press release may include forward-looking information or statements and is
subject to our disclaimer
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