Aker Capital strengthens ownership in Det norske oljeselskap

Aker Capital, a wholly owned subsidiary of Aker ASA, today purchased 12 954 478 shares in Det norske oljeselskap, corresponding to 11.66 percent of Det norske stock. The per-share purchase price was NOK 40.25 ; the total purchase amounted to NOK 521 million.

Following the share acquisition, Aker Capital owns 57 898 658 Det norske shares, which corresponds to a 52.11 percent ownership interest in the oil company.

"Aker has long had great confidence in further Norwegian continental shelf development. The significant petroleum resources discovered recently reinforce this assessment. Consequently, Aker seized the opportunity to increase its stake in Det norske when DNO International sought to sell its shareholding. Aker looks forward to contributing to the continued development of Det norske," says Aker President and CEO Øyvind Eriksen.

Given the historical shareholding of Aker Capital in Det norske, the acquisition does not trigger a requirement to set forth a mandatory offer for all outstanding shares in the company, cf. Securities Trading Act section 18-2 (2), cf. section 6-6 (1).

For further information, please contact: Atle Kigen, Head of Communications, Aker ASA, tel: +47 90 78 48 78

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