Aker buys 18.2 percent of Det norske oljeselskap

Aker has purchased 11,797,752 shares in Det norske oljeselskap ASA (Det norske) at NOK 54 per share. The shareholding corresponds to an 18.2 percent stake in Norway's second largest oil company, measured in terms of operatorships and license interests on the Norwegian continental shelf.

- Aker's share purchase in Det norske represents a strategic ownership interest in a challenger on the Norwegian continental shelf. The investment expands our targeting of oil exploration and production, which Aker has established as an area for industrial development, says Øyvind Eriksen, Aker's President and CEO.

Aker already holds an 76.1percent shareholding in the offshore exploration company Aker Exploration, which has ownership interests in 21 licenses on the Norwegian continental shelf. Aker also holds interests in several other oil companies via shareholdings and loans.

Det norske's activities are focused on exploration and development of hydrocarbon resources on the Norwegian continental shelf. The company has 27 operatorships and participates in a total of 47 licenses.

For further information, please contact: Geir Arne Drangeid, EVP, Aker ASA, tel: +47 913 10 458

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

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.