Akastor ASA's (OSE: AKAST) 50% owned affiliate HMH Holding B.V. ("HMH") has
today announced that it has mandated DNB Markets and Nordea as Global
Coordinators and Joint Bookrunners and Arctic Securities and Pareto Securities
as Joint Bookrunners to arrange a series of fixed income investor meetings, with
the intention of seeking to secure a senior secured bond loan.

The net proceeds from the contemplated senior secured bond issue will inter alia
be used to refinance the Company's existing senior secured bond maturing 10
February 2025 which is listed with ISIN NO0012428996 ("HMHH01").

Reference is made to the separate announcement issued by HMH and which is
available on HMH's website: https://hmhw.com/investors/

For further information, please contact:

Øyvind Paaske

Chief Financial Officer

Tel: +47 917 59 705

E-mail: oyvind.paaske@akastor.com

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About HMH

HMH is a premier drilling solutions provider, which was formed as an independent
company in October 2021 through the merger of Baker Hughes' (NYSE: BKR) Subsea
Drilling Systems business and Akastor ASA's wholly owned subsidiary, MHWirth AS.

HMH combines integrated delivery capabilities, capital, renowned industry
expertise and delivers the full range of offshore drilling equipment products
and packages at scale. HMH aims to support the industry's transition toward more
energy-efficient solutions, as well as deploying technologies and service
solutions to make the sector more competitive through increased drilling
efficiency. Moreover, the Company's service and technology portfolio will be
utilized as a springboard for future growth, both within drilling services and
when pursuing opportunities towards adjacent industries such as renewables and
mining.

For further information, please visit homepage: https://hmhw.com/

About Akastor

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.

For further information, please visit homepage: https://akastor.com/