Aker Solutions to support Kvaerner's Nyhamna contract

19 April 2012 - Kvaerner ASA has today announced its intent to use Aker Solutions as a sub-contractor for the company's work for A/S Norske Shell to deliver engineering, procurement, construction and management (EPCM) for modifications and projects at the Ormen Lange/Nyhamna onshore facilities on the west coast of Norway.

Aker Solutions will deliver engineering and modification work from the company's offices in Oslo, Kristiansund and Tromsø. When finalised, the sub-contract is expected to represent approximately NOK 850 to 950 million in revenues for Aker Solutions.

For further information about the contract, please see www.kvaerner.com.

ENDS

For further information, please contact:

Media:
Endre Johansen, VP Corporate Communications, Aker Solutions. Tel: +47 22 94 58 91, Mob: +47 41 61 06 05, E-mail: endre.johansen@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Suppliers:
For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers

Career opportunities:
Visit http://www.akersolutions.com/careers

Aker Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 23 500 people in more than 30 countries. They apply the knowledge and create and use technologies that deliver their customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2011 Aker Solutions had aggregated annual revenues of approximately NOK 36.5 billion. The company is listed on the Oslo Stock Exchange.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

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

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