Akastor — Earnings Release 2010

Apr 23, 2010

1st quarter results 2010: improved margin

Financial

·         EBITDA margin increased to 9.5 % (11.1 % incl. non-recurring items)

o       EBITDA: NOK 1 096 million (NOK 1 278 million incl. non-recurring items)

o       Revenues of NOK 11.6 billion

·         EPS of NOK 2.36 (incl. non-recurring items)

·         Net current operating assets of  NOK 1.8 billion

o       Ordinary fluctuations from quarter to quarter

·         Dividend payment of NOK 2.60 per share paid on 22 April

Orders

·         Booked NOK 10.5 billion in new orders

o       Power plant project of NOK 1.1 billion

o       Umbilical contracts of NOK 1.2 billion

o       Power cable installation contract of NOK 0.5 billion

·         Order backlog at NOK 55.7 billion

·         USD 300 million subsea tree contract for Iara & Guara awarded (Q2)

The full report and presentation can be downloaded from www.akersolutions.com

and the links below:

For further information, please contact:

Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions.

Tel: +47 67 51 30 39, Mob: +47 911 37 194

Media: Geir Arne Drangeid, EVP Corporate Communications, Aker Solutions. Tel:

+47 67 51 30 36, Mob: +47 977 55 622

Career opportunities: visit http://www.akersolutions.com/CareerCentre

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"),

is a leading global provider of engineering and construction services,

technology products and integrated solutions. Aker Solutions' business serves

several industries, including oil & gas, refining & chemicals, mining & metals

and power generation. The Aker Solutions group is organised in a number of

separate legal entities. Aker Solutions is used as the common brand/trademark

for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has

aggregated annual revenues of approximately NOK 54 billion and employs

approximately 22 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com ), a

group of premier companies with a focus on energy, maritime and marine resource

industries. The Aker companies share a common set of values and a long tradition

of industrial innovation. Through its majority-owned holding company Aker

Holding AS, Aker controls 40.27 percent of the shares in Aker Solutions, and

takes an active role in the development of the company.

This press release may include forward-looking information or statements and is

subject to our disclaimer, see our web-pages

www.akersolutions.com .

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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