Aker ASA: Disclosure of shareholdings and primary insider notice

Reference is made to the stock exchange releases published by Ocean Yield ASA ("Ocean Yield") on 31 August 2016 regarding a private placement (the "Private Placement") of 13,462,857 new shares in Ocean Yield.

Aker Capital AS ("Aker"), a wholly-owned subsidiary of Aker ASA, was allocated zero new shares in the Private Placement.

Aker has entered into a share lending agreement with Pareto Securities AS and Ocean Yield, whereby Aker has agreed to lend 13,462,857 shares in Ocean Yield to Pareto Securities AS, to facilitate timely delivery of shares to subscribers in the Private Placement.

Aker currently owns 98,242,575 shares in Ocean Yield, which represents 72.9% of the outstanding shares in the Company. Following the return of the borrowed shares to Aker and upon completion of the share capital increase under the Private Placement, Aker's ownership stake will represent approximately 66.3% of the outstanding shares in Ocean Yield.

Aker Capital AS is represented on the Board of Directors of Ocean Yield.

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

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

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