Aker ASA: Aker proposes an Aker Floating Production merger

Aker proposes a merger with Aker Floating Production in order to strengthen theFPSO company's balance sheet. Aker will use the opportunity to arrive at a moreeffective organization and financing of its shipowning companies. A merger issubject to third party approvals.

A newly established, wholly owned subsidiary of Aker ASA aims to acquireConverto Capital Fund's 72.3 percent ownership interest in Aker FloatingProduction. According to the merger proposal, the new company will be theacquiring entity, and minority Aker Floating Production shareholders will beoffered settlement in Aker ASA shares.

Merger terms are based on a volume-weighted share price average for the 20 dayspreceding public announcement of the merger proposal. For the purpose ofcompensating minority Aker Floating Production shareholders, Aker will purchasesome 115 000 Aker ASA shares in the market.

This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)

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 the information contained therein. Source: Aker ASA via Thomson Reuters ONE