Aker Offshore Wind AS: Mandatory Notification of Trade

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.

Aker Horizons ASA’s indirect shareholding in AOW of approximately 51.02% will remain unchanged after completion of the transaction.

Please see the attached primary insider notifications for more details.

This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5-12.

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.