Akastor ASA: Sale of Skandi Peregrino by DDW Offshore

Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has today completed a sale of "Skandi Peregrino" and received a purchase price of about USD 21.6 million.

The transaction represents the final vessel sale in DDW Offshore and marks another step in Akastor's strategy of value realization. Following completion of the transaction, DDW Offshore has no remaining vessels.

For further information, please contact:

Øyvind Paaske Chief Financial Officer Tel: +47 917 59 705 oyvind.paaske@akastor.com

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

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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.