Aker — M&A Activity 2016

Aug 26, 2016

Aker ASA: Lerøy Acquisition of Havfisk and Norway Seafoods approved by competition authorities

Aker ASA: Lerøy Acquisition of Havfisk and Norway Seafoods approved by competition authorities

Reference is made to the stock exchange notice published on 2 June 2016

regarding the agreements entered by Aker Capital AS and Aker Capital II AS

("Aker") with Lerøy Seafood Group ASA ("Lerøy") to sell Aker's 63.21 per cent

ownership stake in Havfisk ASA ("Havfisk") for NOK 36.50 per share and Aker's

73.63 per cent ownership stake in Norway Seafoods Group AS ("Norway Seafoods")

for NOK 1.0 per share.

As described in the stock exchange notice dated 25 August 2016, the transaction

has been approved by the Norwegian Ministry of Trade, Industry and Fisheries.

Lerøy announced today that the transaction has also been approved by relevant

competition authorities. The conditions for completion of the agreements are

therefore met.

A completion of the sale of Havfisk will trigger a mandatory offer for the

remaining shares in Havfisk at NOK 36.50 per share. Assuming completion of the

transaction, Lerøy also intends to make an offer for the remaining shares in

Norway Seafoods at NOK 1.0 per share.

For further details, please refer to Lerøy's stock exchange notice published

today.

END

For further information, please contact:

Investors:

Marianne Stigset, Head of Investor Relations

Phone: +47 24 13 00 66

Mobile: +47 41 18 84 82

Media:

Atle Kigen, Head of Corporate Communications

Phone: +47 24 13 00 08

Mobile: +47 907 84 878

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.