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Reference is made to the press release dated 14 January 2025 regarding the agreement in which Akastor ASA (OSE: AKAST) transfers 8.3% of the shares in AKOFS Offshore AS ("AKOFS Offshore") to Mitsui O.S.K. Lines, Ltd. ("MOL"). The transfer has now been completed in accordance with the agreed terms, whereby Akastor and MOL now control 2/3 and 1/3 of the shares in AKOFS Offshore, respectively.
Equinor Energy AS ("Equinor") has now notified AKOFS Offshore AS ("AKOFS Offshore") that the three-year option period under the existing contract for the vessel "AKOFS Seafarer" is exercised. The option period is estimated to commence in late Q4 2025, after the vessel has completed its customary Special Periodic Survey (SPS) and in direct continuation of the current contract period.
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