Aker ASA: Mandatory notification of trade

Aker ASA ("Aker") has carried out its employee share purchase program for the year.

Participants in the share purchase program were offered a discount of 20 per cent on the closing share price as of 22 August 2019. Hence, each participant paid NOK 349.12 per share. All shares will be locked up for a period of three years from delivery of the shares, during which employees will not be able to sell the shares.

The following primary insiders have purchased shares:

* Svein Oskar Stoknes, Chief Financial Officer, has acquired 2 786 shares in Aker, where 1 000 of these shares were acquired outside of Aker’s employee share purchase program. The purchase price for the 1 000 shares outside the program was NOK 436.95 per share. Mr. Stoknes’ total shareholding in Aker after the acquisitions will be 2 786 shares.

* Torbjørn Kjus, Chief Economist & Head of Investor Relations, has acquired 1 082 shares in Aker. Mr. Kjus' total shareholding after the acquisition will be 1 082 shares.

* Ove Andre Taklo, Corporate Controller, has acquired 486 shares in Aker. Mr. Taklo's total shareholding after the acquisition will be 5 501 shares.

* Laila Hop, Paralegal, has acquired 50 shares in Aker. Ms. Hop's total shareholding after the acquisition will be 348 shares.

Aker sold a total of 9 407 own shares in connection with the program. Following the transaction, Aker will hold 43 663 own shares.

END

For further information, please contact:

Investors:
Torbjørn Kjus, Chief Economist & Head of Investor Relations
Phone: +47 94 14 77 30

Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 90 78 48 78

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