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Regulatory press release

Akastor ASA: DDW Offshore completes USD 31 million refinancing

Akastor
Akastor ASA's (OSE: AKAST, "Akastor") wholly owned subsidiary DDW Offshore AS
("DDW Offshore") has completed a USD 31 million refinancing provided by EnTrust
Global's Blue Ocean Funds as lenders. The new loan agreement matures in
September 2026 and is guaranteed by Akastor. The funds have been or will be used
for the following purposes:

i. settlement of the existing loan facility maturing in February 2024
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