Aker Carbon Capture AS (ACC): Block sale of existing shares completed

Oslo, Norway - 29 April 2021.

Reference is made to the stock exchange notice published on 28 April 2021 regarding a potential block sale of existing shares in Aker Carbon Capture AS (the “Company”) by the Norwegian state, represented by the Norwegian Ministry of Trade, Industry and Fisheries (the “NMTIF”).

The NMTIF has successfully sold 33,100,085 shares in the Company (equal to approx. 5.85% of the Company’s shares outstanding) at NOK 17.00 per share (the “Offering”). Following the Offering, the NMTIF holds no shares in the Company.

The notification of allocation in the Offering is expected to be communicated on or about 29 April 2021 (trade date). The settlement in the Offering is expected to take place on or about 3 May 2021 (settlement date) on a delivery versus payment basis (DVP T+2).

Nordea Bank Abp, filial i Norge, and Pareto Securities AS acted as joint lead managers and joint bookrunners (the “Managers”) in connection with the Offering. SANDS Advokatfirma acted as legal counsel to the NMTIF in connection with the Offering.