Disclosure of large shareholding - Correction

Pursuant to section 4-1 of the Norwegian Securities Trading Act, we hereby give notice that the funds managed by Newtyn Management, LLC have purchased 621,228 shares of Akastor ASA on October 15, 2014 which brings the total number of shares held by the funds to 14,276,554 shares. This represents 5.21% of the 274,000,000 outstanding shares and voting rights. The shares and voting rights are held as follows: 9,451,079 shares held by Newtyn Partners, LP 4,825,475 shares held by Newtyn TE Partners, LP.