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2016-02-17

Akastor ASA: Fourth Quarter and Preliminary Annual Results 2015

- Real estate portfolio sold for NOK 1 243 million

- Balance sheet strengthened; net debt reduced by NOK 1.5 billion to NOK 4.9 billion, working capital decreased by NOK 581 million, liquidity reserve of NOK 2.6 billion
- Weak market conditions continue across the portfolio, significant cost reductions initiated

- EBITDA of NOK 552 million, including special items of NOK 321 million
- Impairment of NOK 615 million, mainly related to Managed Pressure Operations (MPO)
- Secured commitment for refinancing in January 2016
- Frontica secured five year contract with Aker Solutions in February 2016
Contact Information
Tore Langballe

Head of Communication
and Investor Relations
Tel: +47 21 52 58 10
E-mail:tore.langballe@akastor.com

Visiting Address: Oksenøyveien 10,
NO-1366 Lysaker, Norway
For more information, please visit

www.akastor.com/investors

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Akastor ASA - 4Q 2015 Report
http://hugin.info/77/R/1986673/728957.pdf
Akastor ASA - 4Q 2015 Presentation
http://hugin.info/77/R/1986673/728956.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akastor ASA via Globenewswire

HUG#1986673

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