Aker Solutions Formally Signs FEED Contract for Wisting FPSO

November 10, 2021 - Reference is made to the stock exchange
announcement (https://www.akersolutions.com/news/news-archive/2021/aker
-solutions-wins-feed-for-wisting-fpso/) on October 20, 2021, where Aker
Solutions announced receiving a letter of intent from Equinor for front-end
engineering and design (FEED) of a floating production, storage and offloading
(FPSO) vessel for the Wisting field.

Today, Aker Solutions formally signed the FEED contract with
Equinor (https://www.equinor.com/en/news/20211110-wisting-assignments.html),
valued at around NOK 350 million.

The contract will be booked as order intake in the fourth quarter of 2021 in the
Renewables and Field Development segment.

ENDS

Media Contact:
Odd Naustdal, mob: +47 905 76 079, email: odd.naustdal@akersolutions.com

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