Aker — Capital/Financing Update 2011

Feb 1, 2011

Aker Drilling ASA secures new $900 million debt financing

Reference is made to the Stock Exchange Notice dated 20 January 2011.

Aker Drilling ASA is pleased to announce that it has agreed a refinancing of its

existing bank debt with a new five year $900 million senior secured bank loan

facility in the form of an underwritten commitment from DnBNOR, Nordea and SEB.

The new bank debt facility is subject to customary documentation as well as the

consummation of Aker Drilling ASA's contemplated equity issuance and its

forthcoming listing on the Oslo Stock Exchange.

Company contacts:

Geir Sjøberg, Aker Drilling ASA, tel. +47 90 78 30 83

Iain Inglis, Aker Drilling ASA, tel. +47 92 09 35 91

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1484158]