NEW BOND LOAN

Aker has a number of development projects in progress at all times. Two of them are well known through previous announcements: the Antarctic krill harvesting and processing project and development of Aker Exploration, a narrowly focused offshore exploration company in Norway. Development of the aforementioned and other projects will continue this fall, with the objective of value-maximization for Aker shareholders.

Aker has entered into an agreement with Pareto for sale of the bonds. The loan will have a term to maturity of two years. The loan`s other terms and conditions are identical to those of Aker`s other outstanding bond loans.

The overall loan framework of the new bond issue is NOK 1 billion; the minimum loan amount is NOK 700 million. The loan will have a coupon corresponding to three-month NIBOR + 1.25 percentage points. Payment date is 29 August 2006. An application will be submitted to have the loan listed on the Oslo Stock Exchange ABM.