Akastor ASA: Share purchase programs for employees

November 12, 2014 - Akastor ASA is offering individuals who are employed by its
subsidiaries in selected jurisdictions the opportunity to buy shares in Akastor
ASA through the 2014 Share Purchase Programs for employees and managers.

The 2014 Employee Share Purchase Program allows eligible employees to buy shares
at certain set purchase amounts between a minimum trading value of NOK 10,000
and maximum NOK 60,000. The employees will be offered a standard discount of NOK
1,500 for participation in the Employee Share Purchase Program.

In addition, Akastor is offering certain managers the opportunity to buy shares
through a separate 2014 Manager Share Purchase Program. The Manager Share
Purchase Program allows eligible managers to purchase shares for a maximum
amount equal to 25 percent of their base salary.

The share price will be based on the average volume weighted share price on Oslo
Børs over the last five trading days preceding the date of delivery of the
shares. The shares purchased through the Employee- and Manager Share Purchase
Programs are subject to a three year lock-up period from the date of delivery.
Akastor offers a 25 percent price reduction of the trading value of the shares
purchased under both programs.

The subscription period for both programs runs from November 14, 2014 to
November 28, 2014.

Akastor was given authority by the shareholders at the Annual General Meeting
held April 10, 2014 to purchase up to ten percent of its outstanding share
capital for use in the share purchase programs for employees. Akastor intends to
acquire shares for both programs in the open market from November 14 2014.
 Akastor has appointed ABG Sundal Collier to carry out the purchases.

For further information, please contact:

Tore D. Langballe
Head of Communications & Investor Relations
Mob: +47 907 77 841

Akastor ASA is an oilfield services investment company with a flexible mandate
for long-term value creation. The company exercises active ownership combining a
range of strategic, operational and financial measures to develop and unlock the
full value potential of its portfolio of companies. Akastor ASA employs
approximately 7,400 people.

ENDS

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12


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