Aker — M&A Activity 2017

Nov 23, 2017

Aker ASA: Invited into the restructuring of Norske Skog

Aker ASA: Invited into the restructuring of Norske Skog

Aker Capital AS ("Aker"), a wholly owned subsidiary of Aker ASA, and Oceanwood

Capital Management LP ("Oceanwood"), have entered into an agreement to establish

a company for the purpose of bidding for the shares in Norske Skog AS ("the

Company"), a subsidiary of the listed Norske Skogindustrier ASA, in an auction

process. The Company is the holding entity of Norske Skog's operating

subsidiaries. Oceanwood is a creditor in the Company, and holds all of the NSF

securitisation facility and a majority of the senior secured notes (the SSN).

Aker and Oceanwood will be 50/50 owners of the new company.

After Aker has presented its Q3 results at Fornebuporten, at approximately

09:30 CET, Oceanwood and Aker will be available for a Q&A session.

For further information, please contact:

Investors:

Per Kristian Reppe, 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

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.