Aker Horizons ASA ("Aker Horizons") has agreed on new funding arrangements for
Mainstream Renewable Power ("Mainstream") with DNB ASA ("DNB") and co
-shareholder Mitsui & Co., Ltd. ("Mitsui").

The new funding will enable Mainstream to deliver on its updated and more
focused strategy, concentrating on developing its pipeline of projects primarily
in three core markets where it sees the greatest potential for value creation -
South Africa, Australia, and the Philippines - and creating value through strong
project execution, a lean cost base and capital efficiency.

In 2023, Mainstream secured a corporate facility of up to USD 220 million with
DNB, supported by shareholders. Aker Horizons' share of the sponsor commitment
is 58.4% of the maximum facility size, equivalent to USD 129 million. This
amount will be provided to Mainstream as a shareholder loan, disbursed in
phases: USD 75 million will be provided in April 2025, while the remaining USD
53 million will initially be provided through an extended letter of credit
facility expected to be converted to shareholder loans in 2025 and 2026.

Additionally, new funding for Mainstream has been agreed upon in the form of a
shareholder loan facility of up to EUR 64 million provided pro-rata 70% by Aker
Horizons and 30% by Mitsui, along with a letter of credit facility with DNB of
up to EUR 64 million, also backed pro-rata by Aker Horizons and Mitsui. Both
facilities may be drawn until maturity at year-end 2026, with drawdowns
contingent on reaching agreed milestones under Mainstream's updated strategy.

ENDS

For further information, please contact:

Jonas Gamre, Investor Relations, tel: +47 97 11 82 92,

email: jonas.gamre@akerhorizons.com

Mats Ektvedt, Media, tel: +47 41 42 33 28,

email: mats.ektvedt@corporatecommunications.no

About Aker Horizons

Aker Horizons develops green energy and green industry to accelerate the
transition to Net Zero. The company is active in renewable energy, carbon
capture and sustainable industrial assets. As part of the Aker group, Aker
Horizons applies industrial, technological and capital markets expertise with a
planet-positive purpose to drive decarbonization globally. Aker Horizons is
listed on the Oslo Stock Exchange and headquartered in Fornebu, Norway. Across
its portfolio, the company is present on five continents. www.akerhorizons.com

About Mainstream Renewable Power

Mainstream Renewable Power is a leading pure-play renewable energy company with
wind and solar assets across Europe, Latin America, Africa, and Asia-Pacific.
Mainstream is one of the most successful developers of gigawatt-scale renewables
platforms, across onshore wind, offshore wind, and solar power generation. The
company has successfully delivered 6.6 GW of wind and solar generation assets to
financial close-ready and has a global project portfolio of 22.7
GW.  www.mainstreamrp.com