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Mandatory notification of trade – primary insider

Oslo, 28 January 2019:

Ian Bonnon, managing director of Offshore Wind Consultants which is owned 100% by Aqualis ASA, has transferred 46,814 number of shares at an average sales price of NOK 0.00 per share to certain employees. In connection with Aqualis’ acquisition of Offshore Wind Consultants Limited in July 2014, Ian Bonnon entered into agreement to transfer these shares at a later date given fulfilment of certain conditions.

Following this transaction Ian Bonnon holds 508,260 shares in total.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Investors and financial media

Kim Boman, CFO, Aqualis ASA Telephone: +47 959 63 912 Email: kim.boman@aqualis.no

Other media enquiries

Endre Johansen, Corporate Communications AS Telephone: +47 41 61 06 05 Email: endre.johansen@corpcom.no

About Aqualis ASA

Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries and associates, offers energy consultancy services to the offshore oil, gas and renewables sectors globally. The group employs experienced consultants across 18 offices in 15 countries worldwide. Aqualis ASA operates under two different brands: AqualisBraemar and Offshore Wind Consultants. AqualisBraemar is a specialised offshore marine and engineering consultancy firm, focusing on the shallow and deep-water offshore segments of the oil and gas industry. Offshore Wind Consultants is a globally focused consultancy providing independent services to the offshore renewables industry.