Successful placement of bond issue

Reference is made to the notification sent on 9 November 2010 regarding apotential new bond issue by Aker ASA. The senior unsecured bond issue of NOK1,000 million with expected maturity date on 23 November 2015 has now beensuccessfully completed. The offering was oversubscribed.

Settlement date is expected to be 23 November 2010. An application will be madefor the bond to be listed on Oslo Børs. As previously announced, the proceedswill be used for general corporate purposes. As a part of the offering, Aker ASAhas repurchased NOK 214.5 million of AKER02, a senior unsecured bond maturingMarch 2, 2012.

Arctic Securities, First Securities AS /Swedbank Markets and SEB MerchantBanking have acted as arrangers of the bond issue.

Company contact:Trond Brandsrud, CFO, Aker ASA +47 24 13 00 30

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

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker ASA via Thomson Reuters ONE