More service orders to Aker Kvaerner

"Since introducing M.O.R.E.(TM) we have seen an increasing number of inquires and orders from pulp mills all over the world. The recent orders confirm that we are successful in offering service products that improve our clients operations, which of course is gratifying for us," says Staffan Björklund, Vice President, Global Service, Kvaerner Pulping.

Oji Paper Co. Ltd, Tomioka mill in Japan, has ordered a rebuild of their bleach plant. Parts of the pulp washing equipment, two diffuser washers, will be adjusted to fit future conditions due to planned process modifications. Among other things, the screen units in the diffusers will be replaced and enlarged in order to improve washing efficiency. The installation will be completed in December 2005.

Kappa Kraftliner in Sweden has ordered a rebuild of their digester No. 1, including a new top part. The work will be conducted during a planned shut-down in September 2005.

Another European client has ordered a rebuild of their digester as a first stage in a stepwise capacity increase, which will double the pulp production compared to the original design. The work will be completed in June 2005.

For further information, please contact:

Torbjørn Andersen, SVP Group Communications, Aker Kvaerner. Tel: +47 67 51 30 36, Mob: +47 928 85 542

Anders Thorén, Communications Manager, Kvaerner Pulping. Tel: +46 54 19 47 66, Mob: +46 703 55 64 22

Investor relations:
Lasse Torkildsen, Vice President, Aker Kvaerner, Group Comms. 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 span a number of industries, including Oil & Gas production, Refining & Chemicals, Mining & Metals, Pharmaceuticals & Biotechnology, Power Generation and Pulp & Paper. Aker Kvaerner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 people in more than 30 countries.

The Aker Kvaerner group consists of 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.
Kvaerner Pulping is a leading supplier of machines, process systems and service for the world-wide chemical pulp industry. The products are used for continuous cooking, washing, oxygen delignification, bleaching and recausticizing plants. Kvaerner Pulping shall improve customers products, productivity and profitability through innovative technical solutions and strong commitments. Kvaerner Pulping, headquartered in Karlstad, Sweden, has annual revenues of approximately EUR 155 million and employs more than 600 employees in 12 countries.
M.O.R.E.(TM) Improvement Services - the Kvaerner Pulping service concept, consists of four parts: Mill Study and Analysis, Overhaul and Spare Parts, Rebuild, and Education. It helps to eliminate bottlenecks and implement new technology, which in turn improves the mill's processes, making operations more competitive, productive and profitable. The maximum benefit from M.O.R.E. is derived from entering into a service agreement, a long-term plan that provides for continuous modernisation of technology, processes and skills.

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