Aker Solutions wins multiple drilling equipment contract

Aker Solutions has won a contract with a subsidiary of Honghua Holding Ltd. of China to deliver high specification drilling equipment components for seven new onshore drilling rigs. The contract value is about NOK 365 million.

Honghua is building a series of seven drilling rigs for a premier drilling company in the Middle East region. The contract includes options for another four identical deliveries.

Each drilling equipment delivery includes a drawwork, three mud pumps, a 1000 tons top drive and other equipment from Aker Solutions.

"This contract underlines the quality of Aker Solutions' drilling equipment portfolio, combined with our proven execution ability on multi-rig projects and that our drilling expertise and high specification equipment can be applied in the onshore drilling market," says Thor Arne Håverstad, executive vice president and head of drilling technologies in Aker Solutions.

Aker Solutions will deliver the first equipment sets to the customer in the fourth quarter of 2012. All equipment deliveries will be completed by the summer of 2013. The majority of the equipment will be delivered from Aker Solutions' subsidiary in Erkelenz, Germany.

ENDS

For further information, please contact:

Media:
Ivar Simensen, VP Communications, Aker Solutions. Tel: +47 67 59 41 90, Mob: +47 46 40 23 17.

Investor relations:
Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 48 17 00 35.

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 ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering services, technologies, product solutions and field-life solutions for the oil and gas industry. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 35 billion and employs approximately 18 500 people in about 30 countries.

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.