Aker ASA: Mandatory notification of trade

Aker Seafoods Holding AS owns 822,888,408 shares in Aker BioMarine ASA, which amounts to 86.13% of all outstanding shares in the company. Aker ASA controls 100% of Aker Seafoods Holding AS.

With reference to the upcoming share issue in Aker BioMarine ASA, Aker Seafoods Holding AS has, on 28 March 2012, exercised all its subscription rights. This means that Aker Seafoods Holding AS has subscribed to 187,242,497 shares. The subscription price is NOK 1.15 per share. Aker Seafoods Holding AS has underwritten the rights offering and the number of shares Aker Seafoods Holding AS will own is thus dependent upon the result of the rights offering. Aker Seafoods Holding AS will minimum own 1,010,130,905 shares upon completion of the rights offering.

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