GOOD OPERATIONS AND ACTIVE BUSINESS DEVELOPMENT

The value of Aker ASA`s stock-exchange listed assets rose from NOK 19.3 billion as of 1 January 2006 to NOK 26.4 billion as of 28 April 2006.

In the first quarter of 2006, Aker successfully completed the establishment of the company Aker Floating Production. Consequently an approximately NOK 800 million accounting gain was recorded in the second quarter of 2006 for Aker ASA and holding companies.

Operations at the Aker Group`s main companies generally developed favorably throughout the first quarter of 2006. Revenues were significantly higher than in the first quarter of 2005, but somewhat below those of the fourth quarter 2005. Nevertheless, operating profit remained at the same level and the EBITDA margin continued to rise, reaching 6.3 percent in the first quarter of 2006.

Enclosed please find the 1Q 2006 report and presentation.