Aker — Report Publication Announcement 2018

Jul 18, 2018

Aker ASA: Second-quarter and half-year results 2018 - Net Asset Value of NOK 57.1 billion

Aker ASA: Second-quarter and half-year results 2018 - Net Asset Value of NOK 57.1 billion

The net asset value ("NAV") of Aker ASA and holding companies ("Aker") increased

by 34.6 per cent in the second quarter to NOK 57.1 billion (NOK 769 per share),

compared to NOK 42.4 billion as per 31 March 2018. Adjusted for dividend the NAV

increased 37.8 per cent.

The Aker share increased 45.5 per cent in the second quarter, adjusted for

dividend. This compares to a 9.2 per cent decline in the Oslo Stock Exchange's

benchmark index ("OSEBX").

"In the second quarter, Aker created values for NOK 16 billion. NOK 14.7 billion

was added to our Net Asset Value and NOK 1.3 billion was paid in dividend to our

shareholders. It is hard to find a quarter with better performance in Aker's

177-year industrial history", said Aker President and CEO Øyvind Eriksen.

The value of Aker's Industrial Holdings portfolio rose to NOK 61.2 billion in

the second quarter, up from NOK 44.9 billion as per 31 March 2018. The value of

Aker's Financial Investments portfolio stood at NOK 5.1 billion at the end of

the second quarter, down from NOK 7.3 billion as per the end of the first

quarter.

Aker's liquidity reserve, including undrawn credit facilities, stood at NOK 4.5

billion as per 30 June 2018.

"Aker is exposed to volatile industries. Hence, our performance will fluctuate

with capital market sentiment and commodity prices. The strong value growth

recently is, however, also a reminder of the importance to maintain a steady

course and to stick to a consistent strategy throughout market changes.

Countercyclical investments facilitated by a strong balance sheet are a

foundation for that strategy", Eriksen said.

The value-adjusted equity ratio was 86 per cent, up from 81 per cent per 31

March 2018.

The full report and presentation can be downloaded from www.akerasa.com

END

Net asset value (NAV) is Aker ASA's core performance indicator. Aker is an

investment company with a majority of listed companies in its portfolio.

Therefore, NAV is a more relevant indicator of the development of Aker's

underlying value than the company's consolidated accounts.

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

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.