Aker ASA : Mandatory notification of trade

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

Reference is made to the stock exchange announcement published by Aker ASA on 12 November 2012 concerning an offer to buy back shares in connection with Aker ASA's obligation to deliver consideration shares in a merger between Aker BioMarine ASA and Aker Seafoods Holding AS, a wholly owned subsidiary of Aker ASA (the "Offer").

According to the Offer, Aker ASA received acceptances for 416,273 shares yesterday, corresponding to 0.6 per cent of the share capital and votes in the company, at an offer price of NOK 208 (as set out in the Offer). Currently, Aker ASA owns 141 681 shares in the company, corresponding to 0.2 per cent of the share capital and votes. If purchase is implemented in accordance with the acceptances, Aker ASA will become owner of 557,954 shares in the company, corresponding to 0.8 per cent of the share capital and votes. The offer period expires at 16:30 (CET) on 14 November 2012, unless the offer period is extended by Aker ASA in accordance with the Offer. The terms and conditions of the Offer are further described in the stock exchange notice from Aker ASA on 12 November 2012.

Arctic Securities ASA is engaged as financial advisor and receiving agent in connection with the Offer.

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

This communication shall not constitute an offer to purchase or a solicitation of an offer to sell the company's shares, nor shall there be any purchase of securities in any jurisdiction in which such offer, solicitation or purchase would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The offer and the distribution of this announcement and other information in connection with the offer may be restricted by law in certain jurisdictions. Aker ASA does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

For further information, please contact:

Media:Atle Kigen, Head of Corporate Communications, Phone: +47 24 13 00 08, Mobile: +47 907 84 878

Investors: Marianne Stigset, Investor Relations Manager, Phone: +47 24 13 00 66, Mobile: +47 41 18 84 82  

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:(i) the releases contained herein are protected by copyright and other applicable laws; and(ii) they are solely responsible for the content, accuracy and originality of theinformation contained therein.

Source: Aker ASA via Thomson Reuters ONE