Dividend and share split

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The annual general meeting of Aker Kværner ASA has today adopted the board's proposal to distribute a dividend of NOK 40 per share (before the share split). The dividend will be paid on 13 April 2007 to shareholders listed in the Norwegian Central Securities Depository (VPS) as of 29 March. The shares will be traded ex-dividend from 30 March on the Oslo Stock Exchange.
 
The annual general meeting also approved a share split whereby one old Aker Kvaerner share is converted into five new shares. The number of shares issued will thus be changed from 55,029,234 to 275,146,170. The split will be effective on the Oslo Stock Exchange from 30 March.


ENDS


For further information, please contact:
 
Media:
Torbjørn S. Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542
 
Investor relations:
Lasse Torkildsen, VP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39
 
 
AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.


The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 50 billion and employs approximately 23 000 people in about 30 countries.


Aker Kvaerner is part of the Aker Group (www.akerasa.com), a leading multi-industry powerhouse with more than 55 000 employees and NOK 80 billion revenues. Aker owns 40.1 percent of Aker Kvaerner, and the group is also a major European shipbuilder and a significant participant in the fisheries industry.


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

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