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Aker ASA: Mandatory notification of trade

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As part of the existing bonus program for employees in Aker ASA (the "Company"), 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 129.84. This corresponds to the three-day average, volume-weighted price of the Company share starting Thursday 10 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

2 112

7 547*

Ola Snøve 

Investment Director

2 580

112 417**

Arild Støren Frick 

General Counsel

1 925

4 091***

Audun Stensvold 

Investment Director 

1 218

5 687

Atle Kigen 

Head of Communications

1 127 

7 397

Ove Taklo 

Corporate Controller

780

 2 496

Marianne Stigset 

Investor Relations Director

228

817

Laila Hop

Paralegal

55

182

 
 * Owned through Fausken Invest AS.
** Owned through Storbrea 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 136 535 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:
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482

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

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