Aker — Director's Dealing 2018

Mar 1, 2018

Aker ASA: Disclosure of shareholdings and primary insider notice

Aker ASA: Disclosure of shareholdings and primary insider notice

Reference is made to the stock exchange release published by Ocean Yield ASA

("Ocean Yield") on 28 February 2018 regarding a private placement of up to

11,000,000 new shares in Ocean Yield (the "Private Placement").

Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, pre-subscribed

for 5,500,000 new shares and was allocated zero new shares in the Private

Placement due to strong demand.

Aker has entered into a share lending agreement with Arctic Securities AS and

Ocean Yield, whereby Aker has agreed to lend 11,000,000 shares in Ocean Yield to

Arctic Securities AS, to facilitate timely delivery of shares to subscribers in

the Private Placement.

Aker currently owns 98,242,575 shares in Ocean Yield, which represents 66.2% of

the share capital in the company. Following completion of the Private Placement

and re-delivery of the borrowed shares to Aker, Aker will own a total of

98,242,575 shares in Ocean Yield, representing 61.7% of the company's share

capital.

Aker is represented on the Board of Directors of Ocean Yield.

For further information, please contact:

Investors:

Per Kristian Reppe, Investment Manager & Head of Investor Relations

Phone: +47 24 13 00 67

Mobile: +47 90 03 32 03

Media:

Atle Kigen, Head of Corporate Communications

Phone: +47 24 13 00 08

Mobile: +47 90 78 48 78

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This information is subject to the disclosure requirements pursuant to sections

4-2 and 4-3 of the Norwegian Securities Trading Act.