November 24, 2014 - Akastor has today purchased 275,000 own shares in the open market at an average price of NOK 22.93 per share. Following the transactions, Akastor holds a total of 2,970,611 own shares. The shares are purchased to be used in Akastor's share purchase programs for employees.

For further information, please contact:

Tore D. Langballe

Head of Communications & 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.

ENDS

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12