Aker — Report Publication Announcement 2018

May 9, 2018

Aker ASA: First-quarter results 2018 - Net Asset Value of NOK 42.4 billion

Aker ASA: First-quarter results 2018 - Net Asset Value of NOK 42.4 billion

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

by 1.6 per cent in the first quarter to NOK 42.4 billion (NOK 571 per share),

compared to NOK 41.8 billion as per 31 December 2017.

The Aker share increased 9.3 per cent in the first quarter. This compares to a

1.1 per cent decline in the Oslo Stock Exchange's benchmark index ("OSEBX").

"Aker has continued on an upward trajectory in 2018. Net Asset Value was up 1.6

per cent in the first quarter, while the NAV and share price are up 30 and 41

per cent year-to-date, respectively, including a NOK 18 per share cash dividend

distributed in May. Compared to the reference index Aker has generated an excess

return of 33 per cent year-to-date", said Aker President and CEO Øyvind Eriksen.

The value of Aker's Industrial Holdings portfolio rose to NOK 44.9 billion in

the first quarter, up from NOK 44.6 billion as per year-end 2017. The value of

Aker's Financial Investments portfolio stood at NOK 7.3 billion at the end of

the first quarter, up from NOK 5.8 billion as per 31 December 2017.

Aker's liquidity reserve, including undrawn credit facilities, stood at NOK 5.2

billion as per 31 March 2018. Cash and liquid fund investments amounted to NOK

2.9 billion at the end of the first quarter, up from NOK 1.7 billion as per

year-end 2017.

"Activity remains high, both in Aker and our portfolio companies. New steps are

taken each day in an effort to continuously improve and create value. The

excellent interaction we have with our portfolio companies allows us to succeed

with the strategic agenda set. The ambition is always to realize the full value

potential of our portfolio", Eriksen said.

The value-adjusted equity ratio was 81 per cent, down from 83 per cent per 31

December 2017.

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.