Aker buys the Antarctic Navigator

The Board of Aker ASA has approved the agreement from September this year to buy the vessel the Antarctic Navigator. The purchase price is NOK 550 million, as previously communicated.

For Aker and Aker BioMarine's other shareholders, it is positive that Aker BioMarine with this deal is able to focus on its core activities ; capturing and processing krill. The company has previously divested its fisheries business in Argentina and on the Faeroe Islands to Aker Ocean Harvest.

The sale of the Antarctic Navigator has no immediate cash impact on either company. The transaction is settled with Aker BioMarine transferring debt to Aker and giving Aker a seller's credit.

The sale of the vessel has been approved by Aker BioMarine Antarctic AS, which owns the vessel, in a general meeting. All conditions related to the sales agreement have thus been resolved.

Aker remains in dialogue with potential partners about the vessel's future deployment.

For further information please contact: Geir Arne Drangeid, Partner & EVP, Aker ASA, tel: +47 24 13 00 65 Aaron Kramer, CFO Aker BioMarine ASA, tel: +47 916 30 130

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.