Akastor ASA: Fourth Quarter Results 2018

PERFORMANCE SUMMARY Q4 2018

· Total revenues were NOK 1 090 million, up 22% compared with the same quarter previous year

· EBITDA was NOK 63 million, at the same level as EBITDA in Q4 2017 adjusted for several special items

· Net interest-bearing debt was NOK 146 million, increased by NOK 70 million in the quarter

· Refinancing of NOK 2.5 billion credit facility (maturing in December 2021) in place with a consortium of 5 banks

· Loss from discontinued operations includes provision of USD 23 million as a result of negative arbitration outcome of legacy matter related to former Akastor owned company, Managed Pressure Operations Ltd (MPO)

· First Geo and AGR combine to create leading provider of well management, reservoir services and software provider – transaction expected to close in first half of 2019

· Pete Miller appointed new executive chairman of MHWirth, and Eirik Bergsvik appointed new CEO of MHWirth

KEY FIGURES AKASTOR GROUP

NOK million	Q4 18	Q4 17
Operating revenue and other income	1 090	895
EBITDA	63	96
EBIT	21	23
CAPEX and R&D capitalization	37	35
NCOA	375	857
Net capital employed	4 556	7 566
Order intake	980	1 291
Order backlog	2 692	1 948
Net interest-bearing debt	146	2 363
Employees	1 775	2 015