Lieungh new President and CEO of Aker Kværner, Brandal joins Aker

Simen Lieungh has been appointed President and CEO of Aker Kværner.He succeeds Martinus Brandal, who has been appointed Aker ASA'sExecutive Vice President in charge of Energy Technologies. MartinusBrandal will be proposed as new Aker Kværner Board Chairman.- These organizational changes strengthen the business developmentopportunities of Aker and Aker Kværner and promote value creation inAker's energy sector businesses, says Leif-Arne Langøy, Aker CEO andBoard Chairman; Langøy is also Board Chairman of Aker Kværner."Another gain is that greater managerial capacity and quality at AkerKværner enable the company to more fully exploit its many competitiveadvantages and optimize its growth trajectory."Aker has long industrial traditions in the energy sector. Since 2004alone, the Group has established several new energy-relatedcompanies, among them Aker Drilling, Aker Floating Production, AkerExploration, Aker Oilfield Services, Aker DOF Supply, and Aker CleanCarbon.- Throughout 2007, Aker has freed up significant capital and thussecured our capacity for further development in energy and otherindustrial sectors. The appointment of Martinus Brandal to Aker'smanagement team strengthens our ability in these arenas whilemaintaining continuity and strong and effective leadership at AkerKværner, says Mr. Langøy.In the autumn of 2007, Aker ASA organized its activities into fivesectors. Each business sector is headed by a Group EVP, who generallyis the board chairman of the companies in that sector.The 3 April 2008 annual general meeting of Aker Kværner will elect anew board chairman. Aker Kværner's nomination committee has alreadydecided to recommend the election of Martinus Brandal as new boardchairman.For additional information, see the notice from Aker Kværnerregarding the aforementioned organizational matters.For further information, please contact:Geir Arne Drangeid, Group EVP, Aker ASA, tel: +47 913 10 458