18 April 2023 - ABL Group ASA ("ABL Group") has successfully completed the
acquisition of 100 percent of the shares in multi-disciplinary engineering
consultancy and software company AGR AS ("AGR") from a subsidiary of Akastor ASA
("Akastor"). The acquisition bolsters ABL Group's offering within well and
reservoir consultancy, enhances the group's position supporting operators'
digitalisation and decarbonisation plans, and expands its opex-driven offshore
energy exposure. 

ABL Group has today completed the acquisition of 100 percent of the shares in
AGR AS as further described in the stock exchange notice dated 20 March 2023.

The transaction values AGR at NOK 262.5 million (equivalent to USD 25.1 million
at current FX rates) on a cash and debt free basis. 

The equity purchase price of NOK 277.8 million (USD 26.5 million), which
includes a NOK 15.3 million (USD 1.5 million) adjustment for net cash and
normalised net working capital in AGR, is based on a "locked box" balance sheet
as of 31 December 2022, and further adjusted for leakage inter alia from
carve-out transactions and excess cash distribution. It has been settled as
follows:

-	NOK 272.5 million to be settled through issuance of 18,166,667 ordinary ABL
Group shares (the "Consideration Shares") at a subscription price of NOK 15 per
ABL Group share, representing 14.8% of outstanding shares post issue