Aker ASA: Share buyback program - Repurchase of shares

On January 23, 2012 Aker ASA ("Aker") purchased 4,512 own shares on the Oslo Stock Exchange at an average price of NOK 167.87 per share. Following the transaction Aker holds a total of 97,839 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 This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)