Philippe Kavafyan has been appointed Chief Executive Officer of Aker Offshore
Wind to deploy his vast experience from the wind industry to accelerate the
deepwater wind developer's growth ambitions across projects in Asia, Europe and
North America.
 
Kavafyan's career spans more than 30 years, including over 15 years in the wind
industry. He was most recently CEO of MHI Vestas Offshore Wind.

"Philippe Kavafyan's broad experience as an executive in the offshore wind
industry makes him the ideal candidate to take Aker Offshore Wind through the
next stages of development," says Kristian Røkke, Chairman of Aker Offshore Wind
and CEO of the company's main owner Aker Horizons.

"I am excited to take on this role at Aker Offshore Wind, which is in a great
position to lead the industrialization of floating wind on a big scale,
utilizing its unique industrial heritage from the Aker group and strong, early
positions in major offshore projects around the world," says Kavafyan. 

Kavafyan replaces Astrid Skarheim Onsum, who has decided to pursue interests
outside the company. 

"I would like to thank Astrid Skarheim Onsum for her leadership and commitment
during the initial phase of Aker Offshore Wind as a stand-alone company. Under
her stewardship, a small project group grew into a respected and recognized
player in the rapidly growing floating wind industry," says Røkke. The change
will be effective from 1 November. 

Kavafyan brings 15 years' experience from the onshore and offshore wind energy,
combined with prior experience in Power Generation with in Electricité de
France, General Electric and Areva. Kavafyan is a graduate from Ecole
Polytechnique and holds a Master's Degree in Robotics and Industrial Management
from Ecole Nationale Supérieure des Mines in Paris, France.

Aker Offshore Wind is a pioneer in industrializing the floating wind market,
which is expected to emerge as one of the most efficient renewable energy
sources. Today, about 80 percent of the world's wind resources are in waters
deeper than 60 meters and thus unsuitable for bottom-fixed foundations.

Aker Offshore Wind builds on the Aker group's five decades of experience from
project execution and operations in the offshore oil and gas industry, including
the design of more than half of the world's semi-submersible floating platforms.
 

The company is currently working to develop offshore wind projects in the US,
South Korea, UK, Norway and Sweden.
 
ENDS

For further information, please contact:

Ivar Simensen, media contact, +47 46 40 23 17, ivar.simensen@akerhorizons.com
Christian Yggeseth, investor contact, +47 915 10 000,
christian.yggeseth@akerhorizons.com

About Aker Offshore Wind 
Aker Offshore Wind is an offshore wind developer headquartered in Norway with
focus on assets in deep waters. With global operations, the current portfolio
consists of development projects and prospects located in Asia, North America
and Europe. Aker Offshore Wind effectively deploys cost effective technologies
from decades of offshore energy development.  The company is majority-owned by
Aker Horizons, an investment company dedicated to creating value and reducing
emissions from renewable energy and decarbonization technologies. Aker Offshore
Wind [AOW-ME] is listed on Euronext Growth in Oslo, Norway.

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

This stock exchange announcement was published by Ivar Simensen, Communications,
Aker Horizons on May 27, 2021 at CET 08:50.