Akastor ASA: Q2 and Half Year Results 2016

HIGHLIGHTS:

• Weak market conditions continue across portfolio, but with more stable revenues in the quarter

• Net debt at NOK 5 427 million, working capital stable at NOK 2 030 million, liquidity reserve at NOK 2.2 billion

• Reported EBITDA of NOK -45 million, with adjusted EBITDA of NOK 169 million

• Cost and capacity reductions continue, as well as long-term efforts to strategically develop portfolio companies

• MHWirth reaches agreement with AFGlobal for sale of Managed Pressure Operations

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