Aker - Board/Management Information 2019

Aker ASA: Svein Oskar Stoknes appointed CFO at Aker

Svein Oskar Stoknes has been appointed Chief Financial Officer (CFO) of Aker

ASA, effective August 1, 2019. He replaces Frank O. Reite, who will step aside

due to a heart related disease that has developed over the course of time. Reite

will continue his close relationship to Aker, including board memberships in

several Aker related companies. He will remain Chairman of the listed company

Ocean Yield ASA.

Stoknes (48) has worked at Aker Solutions ASA since 2007 and was named CFO in

September 2014. He graduated from the Norwegian School of Management and has an

MBA from Columbia Business School.

"I've had the pleasure of working with both Frank and Svein Oskar over many

years. They represent two role models with deep industry knowledge, and strong

business development and financing skills. I am eager to work with both Frank

and Svein Oskar in their new roles," said Øyvind Eriksen, Aker's President & CEO

and Aker Solutions' Chairman.

Reite has held various key positions at Aker and Aker owned companies for close

to 20 years.

"I am grateful to Frank for his numerous contributions to Aker, and I'm glad

that Frank will remain an important member of the Aker team. Incoming CFO, Svein

Oskar, will continue Frank's work with bringing the CFO role closer to our

portfolio companies, where value creation takes place, and risks are managed and

handled," said Eriksen. "It's a great strength to Aker that we have many highly

qualified leaders and key employees to take on important roles in our

companies."

END

For further information, please contact:

Investors:

Torbjørn Kjus, Chief economist & Head of Investor Relations

Phone: +47 24 13 00 14

Mobile: +47 941 47 730

Media:

Atle Kigen, Head of Corporate Communications

Phone: +47 24 13 00 08

Mobile: +47 90 78 48 78

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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