Akastor ASA : Share purchase program for executive managers of Akastor

In accordance with authorisations from the board of directors of Akastor ASA, the CEO of Akastor ASA has resolved that each of Leif Borge (CFO) and Karl Erik Kjelstad (Investment Director) may purchase up to 100,000 treasury shares under the manager share purchase program for 2014. The shares are subject to a three year lock-up period. The purchase may either be done personally, or through the managers' wholly-owned companies.

Mr. Borge and Mr Kjelstad are also eligible for participation in the company's variable pay program for executive personnel, whereby the variable pay may be settled in either cash or shares in the company.

Mr. Borge currently owns 39 725 shares in Akastor ASA.

Mr Kjelstad currently owns 23 074 shares in Akastor ASA.

For further information, please contact:

Tore D. Langballe

Head of Communications and Investor Relations

Mob: +47 907 77 841

Akastor ASA is an oilfield services investment company with a flexible mandate

for long-term value creation. The company exercises active ownership combining a

range of strategic, operational and financial measures to develop and unlock the

full value potential of its portfolio of companies. Akastor ASA employs

approximately 7,400 people.

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

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