December 16, 2024 - Aker Solutions has signed a sizeable[1] two-year contract
extension for maintenance and modifications work for Aker BP. The contract
covers the operated field centers Valhall & Hod, Ula & Tambar, Alvheim and
Skarv, offshore Norway.

The existing frame agreement where Aker Solutions and Aker BP work under a joint
maintenance and modifications alliance model has been extended for a fixed
period of two years, from December 2024 to December 2026, and an option to
extend for an additional two years will be formalized subject to Aker BP license
partners approval.

"We see clear benefits from working as one team in a fully integrated project
organization with Aker BP. Working in alliances enhance efficiency, drive
continuous improvement, and provide greater capacity and expertise for
customers," said Paal Eikeseth, executive vice president and head of Aker
Solutions' Life Cycle segment.

This long-term alliance is key for both companies, continuing their strategic
investments in personnel, digitalization, yard facilities, and project
capabilities.

The alliance ensures a significant proportion of local deliveries, generating
activity, ripple effects and employment opportunities within the Norwegian
industry in locations such as Mo i Rana, Sandnessjøen, Egersund and Stavanger as
well as a range of offshore sites. In addition, Aker Solutions in Mumbai, India,
will make key contributions to engineering and project management within the
alliance.

"We look forward to continuing the collaboration with Aker BP, especially as the
alliance's employees will begin 2025 in our new office building, Gnist, in
Stavanger. The office building is state-of-the-art in terms of flexibility,
technology, and workplace facilities, providing an optimal working environment
for employees focused on safe, efficient, and reliable operations," said
Eikeseth.

The award will be booked as a sizeable[1] contract award in the fourth quarter
of 2024, in the Life Cycle segment, representing an estimate of the work to be
called off during the two-year fixed period.

[1] Aker Solutions defines a sizeable contract as being between NOK 0.5 billion
and NOK 1,5 billion.
ENDS

Preben Ørbeck
investor relations
preben.orbeck@akersolutions.com
 +47 470 10 611

Ruth Lycke
media contact
ruth.lycke@akersolutions.com
+47 906 65 931

Aker Solutions delivers integrated solutions, products and services to the
global energy industry. We enable low-carbon oil and gas production and develop
renewable solutions to meet future energy needs. By combining innovative digital
solutions and predictable project execution we accelerate the transition to
sustainable energy production. Aker Solutions employs approximately 11,700
people in more than 15 countries.

Visit akersolutions.com and connect with us on
Facebook (https://www.facebook.com/AkerSolutions/),
Instagram (https://instagram.com/akersolutions/),
LinkedIn (https://www.linkedin.com/company/aker-solutions) and
YouTube (https://www.youtube.com/akersolutions).

This press release may include forward-looking information or statements and is
subject to our disclaimer. See https://akersolutions.com.

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