Aker ASA: Mandatory notification of trade
As fulfillment of existing rights under the bonus program for employees in Aker ASA ("Aker"), the following primary insiders have received bonus shares. The shares have a lock-in period of three years. Upon allocation, the value of the shares was set to NOK 291.39. This corresponds to the three-day average, volume-weighted price of Aker's share starting Monday 13 March 2016, to which a 20 per cent discount was applied.
The bonus shares were distributed as follows:
| Employee | Role | No. of bonus shares | No. of shares following allocation |
| Frank O. Reite | CFO | 2 402 | 64 781* |
| Arild Støren Frick | General Counsel | 1 414 | 6 414** |
| Audun Stensvold | Investment Director | 944 | 8 631 |
| Atle Kigen | Head of Communications | 517 | 8 617 |
| Ove Taklo | Corporate Controller | 358 | 3 657 |
| Per Kristian Reppe | Investment Manager and Investor Relations Director | 385 | 974 |
| Marianne Stigset | Investor Relations Director | 166 | 1 083 |
| Laila Hop | Paralegal | 25 | 227 |
* Owned through Fausken Invest AS.
** Owned through Elichapet AS.
The allocated bonus shares are drawn from the Company's holdings of own shares. Following the allocation, the Company will hold a total of 26 349 own shares.
END
For further information, please contact:
Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Investors:
Per Kristian Reppe, Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 900 33 203
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.