COVID-19: Statement for All Suppliers

Market volatility has increased sharply from the beginning of 2020, driven by the COVID-19 outbreak and increased production volumes from several major oil producing countries. The sharp decline in oil prices has increased uncertainty in an already tough market.

Aker Solutions has the organization, competence, assets and customer base to continue as a going concern. We are taking strong measures to mitigate substantial negative impact for the company and rest assured, we will continue to be vigilant and evaluate the need for further measures going forward.

We have implemented measures in all locations to minimize the spread of the virus and minimize the risk of disruptions to operations. We have robust plans in place and our crisis management team is continually monitoring the spread of the virus globally as well as the market situation, in line with specific country guidance where we have operations.

In the current situation we endeavor to continue close dialogue with you as a supplier in affected areas and provide regular updates where needed. Moreover, working closely with you and authorities to monitor the situation, complying with the country-specific regulations and implementing mitigating actions where possible.