The Net Asset Value ("NAV") ofAker ASA and holding companies ("Aker") ended at record highNOK 74.7 billion in the first quarter of 2022, aNOK 4.9 billion , or 7.1 per cent, increase from year-end 2021. The per-share NAV amounted toNOK 1,006 as per31 March 2022 , compared toNOK 939 as per31 December 2021 . The Aker share decreased 1.8 per cent, toNOK 810 in the first quarter, compared to a 5.0 per cent increase in the benchmark index ("OSEBX"). "Russia's invasion ofUkraine and it's ramifications are not limited toEastern Europe but has rattled the financial market and disrupted the global economy. It has the potential to reverse decades of progress for globalization and growth. Amid such a brutal and senseless conflict, where entire energy markets are being recalibrated, the significance of a single company's first quarter results pales," said Øyvind Eriksen, President and CEO ofAker ASA . The value increase ofAker's Industrial Holdings portfolio ofNOK 3.9 billion in the first quarter toNOK 71.5 billion was mainly due to value increase ofAker BP andAker Solutions . The value of Aker's Financial Investments portfolio stood atNOK 13.4 billion at the end of the first quarter, compared toNOK 12.5 billion as per31 December 2021 . "Our portfolio companies continue to demonstrate their ability to adapt to volatile market conditions and to drive growth. While uncertainty looms on many fronts, our path forward is - as always - to both strengthen and utilize our industrial fundament for responsible and sustainable value creation." said Eriksen. "Aker's Net Asset Value increased byNOK 4.9 billion toNOK 74.7 billion , or a recordNOK 1,006 per share. The increase is largely driven by growth in the oil and gas segment, whereAker BP contributed with an increase ofNOK 7.9 billion in the quarter, excluding dividend. More than a single company's contribution to our results, however, I am encouraged by the general development across our portfolio, which reflects the high activity and industrial development taking place." Aker's liquidity reserve, including undrawn credit facilities, stood atNOK 7.4 billion as per31 March 2022 . The value-adjusted equity ratio was 88 per cent, slightly up from year-end 2021. The full report and presentation are available at www.akerasa.com and www.newsweb.no -ENDS- For more information, please contact: Investors: Joachim Bjørni, Head of Investor Relations,Aker ASA Tel: +47 924 22 106 E-mail: joachim.bjorni@akerasa.com Media:Atle Kigen , Head of Media Relations and Public Affairs,Aker ASA Tel: +47 907 84 878 E-mail: atle.kigen@akerasa.com This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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