Aker Solutions Earnings and Corporate Presentation

Setting the Industry Benchmark PROJECT Johan Castberg "Major Greenfield in the Barents Sea" Kaombo "The World's Largest Subsea Development" Frame Agreements "One of the World's leading deepwater operators" Brunei Shell Petroleum "Maintenance and Modification Management Services" Mariner "Largest Offshore Development in the UK" CUSTOMER equinor TOTAL • • • • BR • PETROBRAS NIH BRUNEI equinor DESCRIPTION • • • • • • One of the largest greenfield developments offshore Norway the next decade Providing the full Subsea Production System as well as Engineering, Procurement and management assistance for construction of the largest FPSO offshore Norway Aker Solutions has helped Equinor reduce investments by more than 50% (from about NOK 100 to 48bn, or breakeven from $80 USD/bbl to about $31 USD/bbl) Helping Total get the world's largest subsea development on-stream offshore Angola Delivering 65 vertical subsea well-sets, 19 subsea manifolds, and associated controls systems and work-over and tie-in systems The first deliveries started in the second quarter of 2015 Two major frame agreements, supporting Brazil's major pre-salt deepwater developments Delivering 60 well-sets with vertical subsea trees, control systems, tools and spares Delivering 8 manifolds (water/gas injection) to increase oil recovery Maintenance and modification management services at more than 200 offshore installations in the South China Sea Prolonging the life of the facilities, to support extended life-of-field Delivering engineering, construction and commissioning work for the major hook-up phase of the Mariner oilfield development in the UK North Sea Also providing maintenance and modifications services through a frame agreement Mariner is the largest new offshore development in the UK in more than a decade 2019 Aker Solutions May 16, 2019 Slide 13 Aker Solutions

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