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Regulatory press release

AKAST: Disclosure of large shareholding

Akastor
Pursuant to section 4-1 of the Norwegian Securities Trading Act, we hereby give
notice that the funds managed by Newtyn Management, LLC purchased 776,554 shares
of Akastor ASA on August 15, 2023, which brings the total number of shares held
by the funds to 41,122,233 shares. This represents 15.01% of the 274,000,000
issued shares and voting rights.

The shares and voting rights are held as follows:
24,463,571 shares held by Newtyn Partners, LP
16,658,662 shares held by Newtyn TE Partners, LP
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