Aker - Regulatory Filings 2014 | FinancialReports.eu

Aker ASA: Fornebuporten sells office buildings at Aberdeen International Business Park

Fornebuporten, a subsidiary of Aker ASA, has agreed to forward sell three office

buildings at Aberdeen International Business Park ("AIBP") to UK annuity fund

Legal & General Property at an agreed price of GBP 127 million.

The sales agreement comprises the first phase development of Aberdeen

International Business Park, which is expected to be completed in first quarter

2015. The three office buildings have, as previously announced, been let out to

Aker Solutions on a 20 year lease with an initial annual rent of GBP 7.74

million.

Fornebuporten continues to hold 22 acre of attractive land at AIBP. The company

is now looking at a potential second phase development of the business park

including the development of more offices and a hotel.

Fornebuporten profit from sale of shares in connection with the transaction is

estimated at GBP 13 million.

Following the sale, Fornebuporten is expected to return NOK 1.0 billion to Aker

ASA. The sale is in accordance with Aker ASA's strategy to release NOK 3.0

billion from its Financial Investments within 2015.

Aberdeen International Business Park

AIBP was acquired in early 2013. The site is immediately adjacent to Aberdeen

International Airport and offers multi-national companies a combination of the

best buildings and facilities in the Aberdeen market as well as the closest

proximity to the Airport for easy national and international travel.

In the park's first phase, three buildings of approximately 31 000 square meters

are under construction for completion in the first quarter of 2015. All three

buildings have been leased by Aker Solutions.

END

For further information, please contact:

Investors:

Lars Kristian Kildahl, Head of Investor Relations

Phone: +47 24 13 00 61

Mobile: +47 916 300 61

Media:

Atle Kigen, Head of Corporate Communications

Phone: +47 24 13 00 08

Mobile: +47 907 84 878

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1867944]

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