Successful placement of new bond

Reference is made to the notification sent on 24 January 2011 regarding apotential new bond issue by Aker Drilling ASA.

The senior unsecured bond issue of NOK 1,500 million with expected maturity dateon 24 February 2016 has now been successfully completed. The offering wassubstantially oversubscribed.

Settlement date is expected to be 24 February 2011. An application will be madefor the bond to be listed on Oslo Børs. As previously announced, the proceedswill be used to refinance the outstanding bond issue AKD02 PRO with ISINNO001057171.4, repay existing subordinated loans to Aker ASA and for generalcorporate purposes. As a part of the offering, Aker Drilling ASA has repurchasedNOK 1,084,000,000.- of AKD02 PRO with maturity 30 April 2013. The bond issuanceand the buy-back are subject to USD 600 million in new equity or through acombination of additional equity and subordinated capital and approximately USD900 million in a bank loan.

DnB NOR Markets, Nordea Markets, Pareto Securities and SEB Merchant Banking haveacted as arrangers of the bond issue.

Company contacts:Geir Sjøberg, Aker Drilling ASA, tel  +47 90 78 30 83Iain Inglis, Aker Drilling ASA, tel +47 92 09 35 91

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