AKER INVEST EXTENDS GECO TRITON CHARTER

The bareboat charter rate agreed for the Geco Triton is at a signficicantly higher level than previous years, and is a demonstration of the strong demand for seismic vessels currently seen in the market.

The Geco Triton seismic survey vessel is owned by American Champion, Inc., a wholly owned subsidiary of Aker Invest II KS. Aker Invest was established in 2005 to invest in, further develop, and realize the value of ownership interests and companies not integral to Aker Group core activities. Aker`s wholly owned company Aker Capital owns 60 percent of Aker Invest shares; the remaining 40 percent is owned by Aker Yards.

The Geco Triton was rebuilt as a seismic vessel in 1998. A two-year option to extend the charter is included in the new agreement.