SLB and Aker Carbon Capture announce closing of carbon capture joint venture

Oslo, 14 June 2024 – Aker Horizons ASA's portfolio company Aker Carbon Capture ASA ("ACC") announced today the final closing of their previously announced joint venture with SLB. The new company combines technology portfolios, expertise and operations platforms to support accelerated carbon capture adoption for industrial decarbonization at scale.

The new company will be headquartered in Oslo. SLB owns 80% of the new company while ACC owns the remaining 20% stake.

Please see the announcements made by ACC on 27 March 2024 and 14 June 2024 for more information regarding the transaction.

ENDS

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange  announcement was published by Mats Ektvedt, Partner in Corporate Communications, on 14 June 2024 at CEST 12:30

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 industrial projects and technologies that accelerate the net zero transition. The company holds assets across renewable energy and carbon capture, and develops green industrial hubs that combine low -cost renewable energy with hydrogen production and downstream applications. As part of the Aker group and its 180-year industrial heritage, Aker Horizons applies industrial, technological and capital markets expertise to solve fundamental challenges to sustainable existence. 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.