Kristian Røkke Appointed Chairman of Mainstream Renewable Power

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Dr Eddie O’Connor has resigned as Chairman of the Board of Directors of global renewable energy company Mainstream Renewable Power, with immediate effect. Dr O’Connor, who turns 74 in June, founded the company in 2008 and was Chief Executive Officer until 2017, at which point he was appointed Executive Chairman of the Board of Directors.

Aker Horizons, the Norwegian company dedicated to investing in renewable energy and green technologies, recently completed its acquisition of 75 percent of the company.

Kristian Røkke has been appointed Chairman of the Board of Mainstream, succeeding Dr O’Connor, who is leaving the Board.  Mr. Røkke is CEO of Aker Horizons AS.

“On behalf of the Board, I wish to thank Eddie for his unwavering commitment and dedication to fulfilling his vision of a world electrified by renewable energy,” said Mr Røkke.

“He began his journey to help decarbonise the world by building Ireland’s first wind farm in 1992 and over the intervening 30 years he has been a leading figure in the renewable energy industry globally. Eddie has played a pivotal role in helping to establish thriving renewable energy industries in a number of markets including Ireland, the UK, Chile and South Africa.”

For further information, please contact:

Ivar Simensen, Communications, Tel: +47 46 40 23 17, ivar.simensen@akerhorizons.com

Christian Yggeseth, Investor Relations, Tel: +47 915 10 000, christian.yggeseth@akerhorizons.com

About Aker Horizons

Aker Horizons ASA is a planet-positive investment company dedicated to developing companies within renewable energy and other technologies that reduce emissions or promote sustainable living. The company is listed on Euronext Growth and majority owned by Aker ASA. Aker Horizons investment portfolio includes majority stakes in Aker Clean Hydrogen, Aker Offshore Wind and Aker Carbon Capture, and on 19 January 2021, the company announced an agreement to buy 75 percent of Mainstream Renewable Power, a developer and operator of wind and solar parks.

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

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