Field Service Engineer - Mechanical, Hydraulic

Akastor ASA: second quarter and half year results 2026. Second Quarter Highlights * Fifth consecutive quarterly dividend of NOK 0.50 per share approved, payable during the third quarter. This comes in addition to the NOK 1.50 per share distribution paid in Q2, reflecting proceeds received from the HMH IPO. * HMH completed its IPO in April 2026, generating cash proceeds of approximately USD 53 million to Akastor and reducing ownership from 50% to 36.3%. * HMH reported adjusted EBITDA of USD 34 million in the quarter, corresponding to a margin of 20%, while order intake of USD 205 million resulted in a book-to-bill ratio of 1.2x and supported improved activity expectations for the second half of 2026. * DDW Offshore completed the sale of Skandi Emerald for gross proceeds of approximately USD 23 million, contributing to a strengthened liquidity position and supporting shareholder distributions. * In July, NES Fircroft successfully placed a new USD 650 million senior secured bond, supporting refinancing and a planned shareholder recapitalisation. Akastor expects to receive its share of cash proceeds available to shareholders through the recapitalisation, subject to remaining conditions and approvals. * Net Asset Value, including a fair value adjustment for HMH based on its quarter-end share price, amounted to NOK 4.7 billion as of June 30, 2026, corresponding to NOK 17.3 per share. Akastor CEO Karl Erik Kjelstad comments: "The second quarter marks another important step in Akastor's transition from value creation to value realization. Following the successful HMH IPO and the sale of Skandi Emerald, we have further strengthened our liquidity position and approved our fifth consecutive quarterly dividend. HMH has entered the public markets with good momentum, delivering solid profitability, strong order intake and improving visibility into the second half of 2026. We also saw important strategic progress in NES Fircroft through the completion of the acquisition of Halian and the subsequent refinancing of the company. Together, these developments demonstrate continued execution of our strategy and support our ambition to create and return value to shareholders over time." The second quarter presentation and half year report are attached to this release and also available at www.akastor.com. Media Contact Øyvind Paaske Chief Financial Officer Tel: +47 917 59 705 E-mail: [email protected] Akastor is a Norway-based oil-services investment company with a portfolio of industrial holdings and other investments. The company has a flexible mandate for active ownership and long-term value creation. This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jing Li Taklo, Head of Financial Reporting, Akastor ASA, on August 21, 2026, at 07:00 CET.

HMH Holding Inc. announces launch of initial public offering. HOUSTON-(BUSINESS WIRE)-HMH Holding Inc. ("HMH") today announced that it has launched the initial public offering of 10,520,000 shares of its Class A common stock. The underwriters will have a 30-day option to purchase up to an additional 1,578,000 shares of Class A common stock from HMH at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $19.00 and $22.00 per share. HMH has applied to list the shares of Class A common stock on The Nasdaq Global Select Market under the ticker symbol "HMH." J.P. Morgan, Piper Sandler and Evercore ISI are acting as joint lead book-running managers for the offering, and Citigroup and DNB Carnegie are acting as joint book-running managers for the offering. Stifel, Nordea and Pickering Energy Partners are acting as co-managers for the offering. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the offering may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at [email protected] and [email protected]; Piper Sandler & Co., 350 North 5th Street, Suite 1000, Minneapolis, Minnesota 55401, Attention: Prospectus Department, or by email at [email protected] or by telephone at (800) 747-3924; Evercore Group L.L.C., 55 East 52nd Street, 35th Floor, New York, New York 10055, Attention: Equity Capital Markets, or by email at [email protected] or by telephone at (888) 474-0200; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (800) 831-9146; or DNB Carnegie, Inc., 30 Hudson Yards, 81st Floor, New York, New York 10001, Attention: Markets Compliance, or by email at [email protected] or by telephone at (212) 681-3800. When available, to obtain a copy of the prospectus free of charge, visit the Securities and Exchange Commission's ("SEC") website, www.sec.gov, and search under the registrant's name, "HMH Holding Inc." A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. HMH is a leading provider of highly engineered, mission-critical equipment solutions, providing customers with a comprehensive portfolio of drilling equipment, services and systems utilized in oil and gas drilling operations, both offshore and onshore. HMH's global reach, technical expertise and innovative product offerings, coupled with its integrated operations from manufacturing to aftermarket services, allow HMH to provide customers with first class technology, engineering and project management services through the entire asset lifecycle of the equipment it provides. In addition, HMH is growing its portfolio of products and services to adjacent industries, such as mining. The complexity and criticality of HMH's installed equipment drive customers to choose HMH for their aftermarket support, particularly in the offshore environment, which is subject to extensive regulation. Forward-Looking Statements The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size and results of the initial public offering. When used in this press release, words such as "expect," "intend," "may," "will," the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in HMH's prospectus. HMH undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release, except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Contacts. Tom McGee Chief Financial Officer HMH Holding Inc. +1 (281) 371-4985 [email protected] More News From HMH Holding Inc. HOUSTON-( BUSINESS WIRE )-HMH announced today that Mr. Daniel "Dan" W. Rabun has been appointed as Chairman of the Board of Directors effective October 21, 2024. Mr. Rabun is a seasoned executive with extensive leadership experience across multiple industries, having held key roles as CEO, Chairman, and Board member across multiple major companies. He joined Ensco plc in 2006 as President and Board member, later becoming CEO in 2007 and Chairman in 2007. He retired from Ensco in 2014 and as Cha... HOUSTON-( BUSINESS WIRE )-HMH Holding B.V. today announced that its subsidiary, HMH Holding Inc., has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of HMH Holding Inc.'s Class A common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. The number of shares to be offered and the price range... HOUSTON-( BUSINESS WIRE )-HMH Holding B.V. today announced that its subsidiary, HMH Holding Inc., has confidentially submitted a first draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of HMH Holding Inc.'s common stock. The size and price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the completion of the SEC review process... HMH Holding Inc. Release Versions Tom McGee Chief Financial Officer HMH Holding Inc. +1 (281) 371-4985 [email protected]