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Aker ASA to the Annual General Meeting of the Company to Be Held on 28 April 2021

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Aker ASA to the Annual General Meeting of the Company to Be Held on 28 April 2021 Proposal from the nomination committee of Aker ASA to the annual general meeting of the company to be held on 28 April 2021 The nomination committee of Aker ASA comprises the following individuals: Kjell Inge Røkke, chairman Leif-Arne Langøy Since the annual general meeting in April 2020, the nomination committee has held two meetings. The committee has evaluated the board’s performance and received input from shareholders as to the composition of the board. In connection with the annual general meeting of Aker ASA to be held on 28 April 2021, the nomination committee submits the following unanimous proposal: 1. Election of members to the board of directors Pursuant to the company’s articles of association, the board shall consist of six to twelve board members of which one third are to be elected by and amongst the employees. The board now consists of six board members of which three are elected by the shareholders. Of the shareholder-elected board members, Kristin Krohn Devold and Karen Simon are up for election this year. The committee proposes that Karen Simon is re-elected for a period of two years and Kristin Krohn Devold is re-elected for one year. Finn Berg Jacobsen passed away in February 2021. The committee proposes that Frank O. Reite is elected as new shareholder elected board member and deputy chairman as replacement for Finn Berg Jacobsen. Frank O. Reite is a Norwegian citizen, born in 1970. He first joined Aker in 1995 and held the position as CFO in Aker ASA from August 2015 until August 2019. He is now an advisor. He holds a B.A. in business administration from Handelshøyskolen BI in Oslo. Mr. Reite has previously held the position as President & CEO of Akastor (up until 2015), and has previously held a variety of executive positions in the Aker group, including overseeing and developing Aker’s investments in Converto Capital Fund AS, Havfisk ASA, Norway Seafoods AS and Aker Yards ASA. Mr. Reite also has experience from banking and served as Operating Director at Paine & Partners, a New York-based private equity firm. Reite’s current board positions include being chairman of Ocean Yield ASA and Converto AS and board member of Solstad Offshore ASA. He is chairman of the nomination committee of Aker Solutions ASA. The board will thus consist of the following four shareholder-elected members: Kjell Inge Røkke (chairman), Frank O. Reite (deputy chairman), Kristin Krohn Devold and Karen Simon. The proposed board composition is compliant with the requirements for independence as set out in the Norwegian Code of Practice for corporate governance (NUES). Aker ASA Proud ownership Oksenøyveien 10, P.O. Box 243, NO-1326 Lysaker, NORWAY www.akerasa.com Telephone +47 24 13 00 00 Telefax +47 24 13 01 01 Enterprise no. NO886581432 VAT The nomination committee has emphasised that the company’s board should have a diverse background in terms of experience, knowledge and competence. This provides for a balanced prioritising of various considerations and good decisions for the development of the company. To secure such considerations, the nomination committee proposes that the annual general meeting makes a joint vote over the entire proposed board composition. 2. Election of members to the nomination committee Both two members of the nomination committee Kjell Inge Røkke (chairman) and Leif- Arne Langøy are up for election this year. The committee proposes that both Røkke and Langøy are re-elected in their positions for a period of two years. The nomination committee will thus consist of: Kjell Inge Røkke (chairman) and Leif-Arne Langøy. 3. Proposed fees The nomination committee propose that board remuneration is maintained as per the previous year. The following fees are proposed to the members of the board and the audit committee for the period from the annual general meeting 2020 until the annual general meeting 2021: • Chairman: NOK 620,000 • Deputy chairman: NOK 425,000 • Board members: NOK 375,000 • Audit committee chairman: NOK 190,000 • Audit committee members: NOK 135,000 • Members of the nomination committee NOK 45,000 According to Aker’s internal policies, leading personnel employed in Aker companies may not personally receive board remuneration from other Aker companies. Instead, board remuneration will be paid directly to the company in which the board member is employed. Fornebu, 6 April 2021 On behalf of the nomination committee Leif-Arne Langøy Aker ASA Proud ownership Oksenøyveien 10, P.O. Box 243, NO-1326 Lysaker, NORWAY www.akerasa.com Telephone +47 24 13 00 00 Telefax +47 24 13 01 01 Enterprise no. NO886581432 VAT 2 .
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