A GOOD YEAR

The Board of Directors will propose to the annual shareholders` meeting the payment of an ordinary dividend of NOK 6.5 per share for the 2005 accounting year.

Operations in all main Aker Group companies developed well in both 2005 as a whole and in the fourth quarter. The fourth quarter was characterized by markedly increased activity levels, particularly at Aker Kværner and Aker Material Handling, and margin improvement continued. The Aker Group had a fourth-quarter 2005 EBITDA of NOK 1 144 million, up from NOK 897 million in the third quarter and NOK 525 million in the fourth quarter of 2004.

The Group`s 2005 order intake amounted to NOK 91.2 billion, up more than 50 percent compared with 2004. The order backlog at year-end 2005 corresponds to 1.6 times annual revenues. The corresponding multiple at year-end 2004 was 1.2. Greater order intake is attributable to Group companies` strengthened competitiveness as well as stronger markets. Contract margins were generally higher in 2005 than in prior periods.

Enclosed please find the 4Q report 2005 and presentation.