Aker ASA: Share buyback program - Repurchase of shares

On January 31, 2012 Aker ASA ("Aker") purchased 5,270 own shares on the Oslo Stock Exchange at an average price of NOK 165.84 per share. Following the transaction Aker holds a total of 149,990 own shares.

The shares are to be used as consideration shares in the agreed merger between Aker Floating Holding AS and Aker Floating Production ASA, as well as for Aker's internal stock- and incentive program.

FOR DETAILS, CONTACT: Marianne Stigset, Investor Relations Manager Phone:   +47 24 13 00 66 Mobile: +47 41 18 84 82

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