Aker — Capital/Financing Update 2010

Nov 10, 2010

Successful placement of bond issue

Reference is made to the notification sent on 9 November 2010 regarding a

potential new bond issue by Aker ASA. The senior unsecured bond issue of NOK

1,000 million with expected maturity date on 23 November 2015 has now been

successfully completed. The offering was oversubscribed.

Settlement date is expected to be 23 November 2010. An application will be made

for the bond to be listed on Oslo Børs. As previously announced, the proceeds

will be used for general corporate purposes. As a part of the offering, Aker ASA

has repurchased NOK 214.5 million of AKER02, a senior unsecured bond maturing

March 2, 2012.

Arctic Securities, First Securities AS /Swedbank Markets and SEB Merchant

Banking 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)

[HUG#1461008]