Brevik Carbon Capture Plant Reaches Mechanical Completion

SLB Capturi, a joint venture between SLB and Aker Carbon Capture ASA (ACC ASA), an Aker Horizons portfolio company, announced the mechanical completion of the carbon capture plant at Heidelberg Materials’ cement facility in Brevik, Norway, a significant milestone for the CCS project.

ACC ASA holds 20% ownership in SLB Capturi, which is delivering CO₂ capture, conditioning, compression, heat integration, intermediate storage and loading facility for the plant. The carbon capture plant is designed to capture 400,000 metric tons of CO₂ annually from the cement facility. The development will now move into commissioning phase and is planned to be operational by 2025.

The Brevik carbon capture plant is part of Longship, the full CCS value chain development enabled by Norway's strong competence in both carbon capture and storage.

SLB Capturi is a joint venture between SLB and ACC ASA, combining the strengths and capabilities of both companies to accelerate industrial decarbonization at a global scale. SLB owns 80% of SLB Capturi, while ACC ASA owns the remaining 20% stake.

ENDS

For further information, please contact:

Stian Andreassen, Investor Relations, Tel: +47 41 64 31 07, stian.andreassen@akerhorizons.com

Mats Ektvedt, Media, Tel: +47 41 42 33 28, mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the transition to Net Zero. The company is active in renewable energy, carbon capture and hydrogen and develops industrial-scale decarbonization projects. As part of the Aker group, Aker Horizons applies industrial, technological and capital markets expertise with a planet-positive purpose to drive decarbonization globally. Aker Horizons is listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across its portfolio, the Company is present on five continents. www.akerhorizons.com