AKOFS OFFSHORE
Ownership

In September 2016 AKOFS Offshore (“AKOFS”) and Akastor ASA (“Akastor”) entered a strategic partnership with the leading Japanese investment company Mitsui & Co Ltd («Mitsui») and its shipping company Mitsui O.S.K. Lines Ltd («MOL») to jointly own the SESV vessel Skandi Santos.

Following this, Akastor entered into a Share Purchase Agreement in June 2018, where each of Mitsui and MOL purchased 25% of the shares in AKOFS from Akastor forming a Joint Venture ownership of AKOFS Offshore. The remaining 50% will continue to be owned by Akastor.

Through this transaction, Mitsui and MOL will, as a long-term business partner, together with Akastor, assume an active role in the further support and development of AKOFS Offshore.

AKOFS Offshore is dedicated to developing long term value for our stakeholders. At the same time our owners play an important role with experience, dedication and strong financial positions. This will in the coming years enable us to develop services for demanding customers around the world.

Board of Directors

Eirik Thomassen

Chairman

Eirik Thomassen joined Akastor in May 2018 from the lawfirm BAHR. Eirik has extensive experience in providing legal support to the Aker group of companies. In BAHR his work involved support to Aker BP and Aker Energy, and prior to this he held in-house legal positions in both Aker Solutions (2010-2011) and Kværner (2011-2015). Eirik holds a Master of Laws degree from the University of Oslo, and is a licensed lawyer and member of the Norwegian Bar Association.

Tadashi Inoue

Board Member

Tadashi Inoue graduated from the Faculty of Commerce at Hitotsubashi University in Tokyo and started his career at MOL in 2011. He has extensive experience in the areas of crude oil tankers and offshore industry, particularly in the management of FPSO O&M business. Mr. Inoue is a Japanese citizen.

Bruce Lethuillier

Board Member

Bruce joined Akastor in 2015 and has previously held the position of Group Treasurer of Kongsberg Automotive ASA since 2011. Prior to that, he has held various positions in the Corporate and Investment Banking departments of BNP Paribas and Citi. He holds a Master graduate from the University of Nantes, France and an Executive MBA from ESCP Europe.

Yuichi Shirayama

Board Member

Yuichi Shirayama is a General Manager, Fourth Dept. Division III,Infrastructure Projects Business Unit at Mitsui & Co., Ltd. (“Mitsui”). He started his career at Mitsui in 1999. Hehas experience in offshore oil & gas and shipping. Mr. Shirayama is a Japanesecitizen.