Aker Offshore Wind AS: Disclosure of Large Shareholding

Reference is made to the recently announced contemplated merger between Aker Offshore Wind AS (“AOW”), AH Tretten AS, a subsidiary of Aker Horizons ASA, and Aker Horizons ASA (the “Merger”). To facilitate the triangular Merger, Aker Horizons ASA will transfer all of its indirect shareholding in AOW from its subsidiary, Aker Renewable Power AS, to AH Tretten AS, each at a price of NOK 2.5555 per share.

Following the transfer of the 346,262,406 shares held indirectly by Aker Horizons ASA, Aker Renewable Power AS will no longer have any ownership interest in AOW, AH Tretten AS will own 346,262,406 shares in AOW, corresponding to an ownership interest of approximately 51.02% and Aker Horizons ASA’s indirect shareholding in AOW will accordingly remain unchanged.

This information is subject to the disclosure requirements set out in the Euronext Growth Rule Book – Part I, section 4.3.1.

Investor contact:

Tom Selwood, +44 (0)7743 502455, tom.selwood@akeroffshorewind.com

Media contact:

Maria Lanza Knudsen, +47 484 42 426, maria.knudsen@akeroffshorewind.com

About Aker Offshore Wind

Aker Offshore Wind is an offshore wind developer focused on assets in deep waters and specialized on floating energy systems. With global operations, the current portfolio consists of development projects and prospects located in Asia, North America and Europe. Aker Offshore Wind effectively deploys cost effective technologies from decades of offshore energy development. The company is majority-owned by Aker Horizons, an investment company dedicated to creating value and reducing emissions from renewable energy and decarbonization technologies. Aker Offshore Wind [AOW-ME] is listed on Euronext Growth in Oslo, Norway.