Aker Solutions ASA: Allocation of Shares Under Former Incentive Program

May 20, 2022 – Aker Solutions ASA ("Aker Solutions") has allocated shares to eligible participants under an incentive program established by Kværner ASA ("Kvaerner").

Aker Solutions announced in the stock exchange release of May 6, 2021, that shares would be allocated in May 2022 to eligible participants under an incentive program established by Kvaerner in 2019 for executives and senior managers who remained employed after three years. Aker Solutions, as part of the merger with Kvaerner in November 2020, assumed the obligation to honor share allocation under the program. For further details of the program, reference is made to the release of May 6, 2021.

Aker Solutions has today allocated a total of 1,079,840 shares to eligible participants under the above incentive program. The shares were allocated at a price (tax value) per share of NOK 32.0513 which equals the volume-weighted average price of the Aker Solutions share on May 19, 2022.

Following these transactions, Aker Solutions has a holding of 5,073,901 own shares.

ENDS

Investor Contact:
Fredrik Berge, mob: +47 450 32 090, email: fredrik.berge@akersolutions.com

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 15,000 people in more than 20 countries.

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This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com

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