TARGETING FURTHER GROWTH

For Aker`s main companies in the energy and maritime industries, the favorable trend continued in the third quarter of 2007. In the fisheries business, the third-quarter 2007 profit was characterized by low harvest volumes; market demand and prices were good. The Aker group`s new companies are developing in accord with established business plans.

The total order backlog of the Aker group and its associated companies was NOK 75 billion as of the close of the third quarter, compared with NOK 78 billion as of 30 June 2007. A favorable outlook continues for Aker`s most important industries: energy, maritime, seafood, and marine biotechnology.

Aker has a solid balance sheet. As of 30 September 2007, total assets were NOK 38.9 billion, adjusted for 2 November 2007 closing prices of listed shares. Cash and cash equivalents amounted to NOK 5.7 billion. Gross interest-bearing debt amounted to NOK 2.4 billion at the close of the third quarter of 2007.

As of 30 September 2007, Aker ASA and holding companies had a value-adjusted equity of NOK 36.2 billion, up from NOK 33.4 billion at year-end 2006. On a per-share basis, value-adjusted equity at the close of the third quarter of 2007 was NOK 499.88 per share. The closing price of Aker shares was NOK 381.50 on 30 September 2007.

Enclosed please find the Q3 2007 report.

For further information, please contact:Geir Arne Drangeid, EVP, Aker ASA, tel. +47 913 10 458