Report for the third quarter of 2010

Aker ASA's net asset value (NAV) was NOK 19 billion or NOK 262.80 per share atthe close of the third quarter of 2010, up 2.9 percent from the second quarter.In the third quarter, Aker continued the efforts to further develop itsportfolio of operating companies.

Aker continued to strengthen the portfolio companies. Further risk reduction wasaccomplished in the quarter via agreements and transactions involving AkerDrilling, Aker Solutions, and Aker BioMarine.

Aker Drilling's total order backlog was NOK 7.5 billion (USD 1.3 billion) as of30 September 2010. In the third quarter, Det norske oljeselskap extended theAker Barents lease agreement by two years, from July 2012 to July 2014. Theestimated contract value for the two-year extension is USD 350-380 million. Detnorske acquired a new option to deploy the rig for an additional two-yearperiod, from July 2014. Statoil has contracted Aker Spitsbergen until July2013, and holds an option to extend the drilling contract for five two-yearperiods.

Aker Solutions is implementing measures to streamline its oil and gas supplieractivities and simplify its corporate structure. In October 2010, an agreementwas entered into for the sale of 100 percent of Aker Marine Contractors shares,valued at USD 250 million.

In the third quarter of 2010, Aker BioMarine partnered with Lindsay Goldberg.The private equity fund purchased a 50 percent stake in Aker BioMarine'ssubsidiary Trygg Pharma; the transaction valued Trygg Pharma at NOK 280 million.Lindsay Goldberg and Trygg Pharma have jointly purchased Epax - one of theworld's leading producers of high-concentrate omega-3 oils. Aker BioMarinefinanced its share of the Epax acquisition via a share issue completed inOctober. Aker subscribed to NOK 208 million, thus maintaining its 83.3 percentownership interest in Aker BioMarine.

Interest-bearing receivables from Aker subsidiaries and associated companiesamounted to NOK 5.7 billion, down NOK 0.2 billion in the third quarter of 2010and down NOK 1.2 billion since the beginning of the year.

Interest-bearing liabilities were reduced by NOK 0.1 billion in the quarter toNOK 2 billion. Cash amounted to NOK 2.3 billion as of 30 September, a declinefrom NOK 2.5 billion as of 30 June 2010.

The market value of Aker's shareholdings in exchange-listed companies increasedby NOK 0.9 billion in the third quarter of 2010. Aker ASA shares rose fivepercent to NOK 116 per share in the quarter, while the Oslo Stock ExchangeBenchmark Index (OSEBX) rose 16 percent.

Aker ASA's wholly owned rig company, Aker Drilling, enjoyed another quarter ofsound progress. The company's two rigs recorded stable operations. The leaseextension for Aker Barents secures revenues from 2012 to 2014, thus contributingto Aker Drilling's bank loans getting a changed payment profile resulting infaster repayment of loans to Aker ASA.

Aker took delivery of Aker Wayfarer in October 2010. The offshore constructionvessel is under long-term charter to Aker Solutions, pursuant to the spring2009 agreement.

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

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