Akastor ASA's (OSE: AKAST) subsidiary DDW Offshore AS ("DDW Offshore") has been
awarded two one-year contracts, each with a further 24-month priced option
structure, with an international oil company for the anchor handling tug supply
(AHTS) vessels Skandi Peregrino and Skandi Atlantic. The vessels will provide
anchor handling and towage services in Australia, commencing on January 1, 2025,
and March 1, 2025, respectively.

For further information, please contact:

Øyvind Paaske
Chief Financial Officer
Tel: +47 917 59 705
Oyvind.paaske@akastor.com

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

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Akastor is a Norway-based oil-services investment company with a portfolio of
industrial holdings and other investments. The company has a flexible mandate
for active ownership and long-term value creation.

DDW Offshore owns three modern Anchor Handling Tug Supply (AHTS) vessels (Skandi
Atlantic, Skandi Emerald and Skandi Peregrino) with capability to operate and
support clients on a world-wide basis. The vessels are specially designed to
perform anchor-handling, towing, and supply services at offshore oil and gas
fields.