April 8, 2024 - Aker Solutions has been awarded a sizeable [1] EPCIC-contract
for the Brasse tieback project for OKEA.

Brasse is an oil and gas field located 13 kilometers south of the Brage
platform. Brasse will be developed as a subsea tieback to Brage and will utilize
the existing processing capacity on the platform, where the first production
started in 1993.

The tieback demands modifications on the Brage platform. The FEED has been
carried out by Aker Solutions. Aker Solutions' scope is to execute engineering,
procurement, construction, installation and commissioning on Brage to prepare
the topside of the platform for receiving oil and gas from the Brasse field.

"We are continuing to develop a long-term partnership with OKEA as a preferred
supplier. Our experience of working as an integrator in projects alongside OKEA,
OneSubsea and Subsea7 has shown that together, we are able to find feasible
solutions to maximize the utilization of resources in mature areas in a
profitable manner. The tieback will contribute to energy security in Europe."
said Paal Eikeseth, executive vice president and head of Aker Solutions' Life
Cycle segment."

The plan for development and operation (PDO) will be submitted during April and
Brasse will be renamed Bestla upon approval of the PDO. The name Bestla
originates from Norse mythology and is the name of Odin's mother.

Aker Solutions' Project Management team and key resources will be mainly based
in Stavanger and pre-fabrication will be done at Aker Solutions' yard in
Egersund.

The contract will be booked as order intake in the second quarter of 2024 in the
Life Cycle segment.

[1] Aker Solutions defines a sizeable contract as being between NOK 0.5 billion
and NOK 1.5 billion

ENDS

Media Contact:
Ruth Lycke, mob: +47 906 65 931, email: ruth.lycke@akersolutions.com

Investor Contact:
Preben Ørbeck, mob: +47 470 10 611, email: preben.orbeck@akersolutions.com

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 11,000
people in more than 15 countries.

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