Aker ASA: Share buyback program - Repurchase of shares

On January 16, 2012 Aker ASA ("Aker") purchased 12,000 own shares on the OsloStock Exchange at an average price of NOK 162.34 per share. Following thetransaction Aker holds a total of 53,726 own shares.

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

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

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

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker ASA via Thomson Reuters ONE