Aker Carbon Capture proposes a cash dividend of NOK 3.5 billion

Core Viewpoint - Aker Carbon Capture ASA (ACC) has proposed an extraordinary cash dividend of NOK 3.5 billion, with Aker Horizons expected to receive approximately NOK 1.5 billion based on its 43.27% ownership in ACC [1] Group 1: Financial Performance - ACC completed a transaction with SLB to combine their carbon capture businesses into a joint venture named SLB Capturi, retaining a 20% ownership stake and booking a gain of NOK 4.9 billion in its consolidated accounts [2] - The proposed cash dividend will allow ACC to maintain a robust balance sheet, supporting its role as a minority owner in SLB Capturi and backing its remaining pro-rata guarantee exposure for prior projects [3] Group 2: Corporate Governance - The proposed cash dividend is subject to approval by an extraordinary general meeting expected to be held on or about March 7, 2025 [4] Group 3: Company Background - Aker Horizons focuses on developing green energy and industry to accelerate the transition to Net Zero, with activities in renewable energy, carbon capture, and sustainable industrial assets [4] - Aker Carbon Capture ASA was established in 2020, building on over 20 years of experience in carbon capture technology within Aker [5]