Aker — Major Shareholding Notification 2015

May 28, 2015

Aker ASA : Primary Insider Notice

Aker ASA : Primary Insider Notice

Reference is made to the issue of up to 2 310 189 new shares in Aker ASA (the

"Company") in connection with the dividend payment (the "Dividend Issue"). The

subscription price in the Dividend Issue is NOK 156.58 per share.

Additionally, the Company has carried out an employee share purchase programme.

The subscription period for the programme ran from 21-27 May 2015. Employees in

the Company were offered to buy Aker ASA shares at a 20 per cent discount on the

closing price of the share on 27 May 2015. Hence, each participant paid NOK

128.80 per share. All shares will be locked for a period of three years from the

date of delivery, during which employees will not be able to sell their shares.

The following overview shows the primary insiders that have subscribed for new

shares in the Dividend Issue and/or purchased shares as part of the employee

share purchase programme:

* The Resource Group TRG AS, owned by Kjell Inge Røkke, Chairman of the Board

of the Company, and his wife Anne Grete Eidsvig, has subscribed for 27 476

new shares in the Dividend Issue. TRG Holding AS, controlled by The Resource

Group TRG AS, has subscribed for 1 540 587 new shares in the Dividend Issue.

Following the allocation and registration of the new shares in the Dividend

Issue with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret), The Resource Group TRG AS will hold a total of 887 942

shares in the Company directly and 49 785 635 shares through TRG Holding AS.

Accordingly, Kjell Inge Røkke and Anne Grete Eidsvig will control a total of

50 673 577 shares in the Company, through The Resource Group TRG AS and TRG

Holding AS.

* Øyvind Eriksen, President and CEO of the Company, has subscribed for 3 193

new shares in the Dividend Issue through the company Erøy AS. Following

completion of the Dividend Issue, Øyvind Eriksen will through Erøy AS hold a

total of 103 193 shares in the Company. Erøy AS also owns 100 000 b-shares

(0.2 per cent) in TRG Holding AS.

* Trond Brandsrud, CFO of the Company, has subscribed for 1 267 new shares in

the Dividend Issue, of which 440 shares were subscribed for through

Nordbrand Invest AS. Trond Brandsrud also purchased 5 500 shares through

Nordbrand Invest AS as part of the employee share purchase programme. With

the acquisition of shares through the employee programme, and following

completion of the Dividend Issue, Trond Brandsrud will hold a total of

46 503 shares in the Company, of which 19 750 will be held through Nordbrand

Invest AS.

* Finn Berg Jacobsen, Deputy Chairman of the Board of the Company, has through

the company FBJ-Consulting AS subscribed for 159 new shares in the Dividend

Issue. Following completion of the Dividend Issue, Finn Berg Jacobsen will

through FBJ-Consulting AS hold a total of 5 159 shares in the Company.

* Leif O. Høegh, Director of the Board of the Company, has through the company

Gadus SE subscribed for 957 new shares and through the company Aequitas AS

subscribed for 3 352 new shares in the Dividend Issue. Following completion

of the Dividend Issue, Leif O. Høegh will own a total of 139 309 shares in

the Company, of which 30 957 through Gadus SE and 108 352 shares in the

Company through Aequitas AS.

* Ola Snøve, Investment Director at the Company, has subscribed for 3 398 new

shares in the Dividend Issue through the company Storbrea AS. Following

completion of the Dividend Issue, Ola Snøve will through Storbrea AS hold a

total of 109 837 shares in the Company.

* Audun Stensvold, Investment Director at the Company, has subscribed for 105

new shares in the Dividend Issue and purchased 1 070 shares as part of the

employee share purchase programme. With the acquisition of shares through

the employee programme, and following completion of the Dividend Issue,

Audun Stensvold will hold a total of 4 469 shares in the Company.

* Atle Kigen, Head of Communications at the Company, has purchased 750 shares

as part of the employee share purchase programme. With the acquisition of

shares through the employee programme, Atle Kigen will hold a total of

6 026 shares in the Company.

* Arild Støren Frick, General Counsel at the Company, has subscribed for 51

new shares in the Dividend Issue and purchased 500 shares as part of the

employee share purchase programme, both through the company Elichapet AS.

With the acquisition of shares through the employee programme, and following

the completion of the Dividend Issue, Arild Støren Frick will through

Elichapet AS hold a total of 2 166 shares in the Company.

* Ove André Taklo, Corporate Controller at the Company, has subscribed for 34

new shares in the Dividend Issue and purchased 616 shares as part of the

employee share purchase programme. With the acquisition of shares through

the employee programme, and following the completion of the Dividend Issue,

Ove André Taklo will hold a total of 1 716 shares in the Company.

* Marianne Stigset, Head of Investor Relations at the Company, has subscribed

for 15 new shares in the Dividend Issue and purchased 85 shares as part of

the employee share purchase programme. With the acquisition of shares

through the employee programme, and following the completion of the Dividend

Issue, Marianne Stigset will hold a total of 589 shares in the Company.

* Laila Hop, Paralegal at the Company, has subscribed for 3 new shares in the

Dividend Issue. Following completion of the Dividend Issue, Laila Hop will

hold a total of 127 shares in the Company.

* Bernt H. Kilnes, Deputy Employee Representative of the Board of the Company,

has subscribed for 3 new shares in the Dividend Issue. Following completion

of the Dividend Issue, Bernt H. Kilnes will hold a total of 107 shares in

the Company.

Aker ASA sold a total of 11 339 own shares in connection with the share employee

programme. Following the transaction, Aker ASA holds a total of 17 477 own

shares.

END

For further information, please contact:

Media:

Atle Kigen, Head of Communications

Phone: +47 24 13 00 08

Mobile: +47 907 84 878

Investors:

Marianne Stigset, Head of Investor Relations

Phone: +47 24 13 00 66

Mobile: +47 411 88 482

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1924478]