Aker — Share Issue/Capital Change 2015

May 15, 2015

Aker ASA: Publication of Prospectus

Aker ASA: Publication of Prospectus

As previously announced, Aker ASA (the "Company") will carry out a dividend

issue (the "Dividend Issue") of up to 2,310,189 new shares, where each

shareholder in the Company can choose to use half of the dividend it is entitled

to pursuant to the resolution by the Annual General Meeting on 17 April 2015 to

subscribe for new shares in the Company.

Approval of the Prospectus:

The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has approved

the prospectus of the Company dated 13 May 2015 (the "Prospectus"), in

connection with the offering and listing of up to 2,310,189 new shares in the

Company in the Dividend Issue, each with a nominal value of NOK 28 per share

(the "Dividend Shares").

Subscription Period:

The subscription period for the Dividend Issue will commence at 09:00 a.m. CET

on 15 May 2015 and expire at 16:30 p.m. CET on 29 May 2015 (the "Subscription

Period").

Subscription Price:

NOK 156.58 per Dividend Share (the "Subscription Price").

Eligibility to participate in the Dividend Issue:

Each shareholder in the Company as of expiry of 17 April 2015 (the "Eligible

Shareholders"), as registered with the Company's shareholder register with the

VPS as of expiry of 21 April 2015 (the "Record Date"), is entitled to subscribe

for a number of Dividend Shares equal to half the dividend the Eligible

Shareholder is entitled to, divided on the Subscription Price and rounded down

to the nearest whole number. An Eligible Shareholder may only subscribe for

Dividend Shares if half of the dividend the Eligible Shareholder is entitled to,

exceeds the Subscription Price for one Dividend Share. An Eligible Shareholder

cannot choose to subscribe for Dividend Shares for a lower or higher amount than

half of the dividend the Eligible Shareholder is entitled to. Over-subscription

and subscription of Dividend Shares by other than Eligible Shareholders will not

be permitted. For the purposes of determining eligibility for participation in

the Dividend Issue, the Company will look solely to its register of shareholders

with the VPS as of the expiry of the Record Date. No fractional Dividend Shares

will be allocated. The difference between the total Subscription Price used for

subscription of Dividend Shares and the claim for dividend will be paid in cash.

The Eligible Shareholders who have not subscribed for Dividend Shares at the

time of expiry of the Subscription Period will be paid the total dividend amount

the relevant Eligible Shareholder is entitled to in cash without any action on

its part on or about 5 June 2015.

Settlement:

The allocation of Dividend Shares will be carried out on or about 3 June 2015

and will be delivered on or about 5 June 2015.

The payment of cash dividend will be carried out on or about 5 June 2015.

Interests Held Through Financial Intermediaries:

If an Eligible Shareholder holds Shares registered through a financial

intermediary as of expiry of the Record Date, the financial intermediary will

customarily give the Eligible Shareholder details on the aggregate number of

Dividend Shares to which it will be entitled to subscribe for in the Dividend

Issue. The relevant financial intermediary will customarily supply each Eligible

Shareholder with this information in accordance with its usual customer

relations procedures. Eligible Shareholders holding their interests through a

financial intermediary should contact the financial intermediary in order to

receive information with respect to the Dividend Issue.

Other Guidance:

Each Eligible Shareholder will, provided that it is entitled to subscribe for at

least one Dividend Share and subject to applicable securities laws and

restrictions, receive a copy of the Prospectus together with a pre-filled

subscription form by regular mail. In order to subscribe for Dividend Shares,

Eligible Shareholders need to complete the subscription form and submit it to

DNB Verdipapirservice such that it is received within 16:30 p.m. CET on 29 May

2015. Norwegian citizens may also subscribe for Dividend Shares online by

following the link on the Company's website www.akerasa.com/dividend, which will

direct the Eligible Shareholder to the VPS online subscription system.

The Prospectus will be available at the following websites:

www.akerasa.com/dividend. Hard copies of the Prospectus may be obtained by

contacting Aker ASA (contact@akerasa.com or +47 24 13 00 00).

For further information, please refer to the Prospectus.

DNB Bank ASA, Registrars Department (tel.: +47 23 26 80 20) is acting as

Settlement Agent for the Dividend Issue.

***

Contact persons:

Lars Kristian Kildahl, Head of Investor Relations

Phone: +47 24 13 00 61

Mobile: +47 916 300 61

This information is subject to disclosure under the Norwegian Securities Trading

Act, Section 5-12.

This announcement is not and does not form a part of any offer for sale of any

securities, and is for release, publication or distribution, directly or

indirectly, in the United States, or any other jurisdiction in which such

distribution would be unlawful or would require registration or other measures.

Securities may not be sold in the United States absent registration with the

United States Securities and Exchange Commission or an exemption from

registration under the U.S. Securities Act of 1933, as amended. Aker ASA does

not intend to register of its securities in the United States.

The offering of securities will be made by means of the Prospectus that contains

information about the Company and the terms and conditions for the Dividend

Issue, as well as financial information. This document is an announcement and

not a prospectus for the purposes of Directive 2003/71/EC. Investors should not

subscribe for any securities referred to in this document except on the basis of

information contained in the Prospectus.

The distribution of this announcement and/or the Prospectus into jurisdictions

other than Norway may be restricted by law. Persons into whose possession this

announcement comes should inform themselves about and observe any such

restrictions. Any failure to comply with these restrictions may constitute a

violation of the securities laws of any such jurisdiction.

This announcement has not been approved by any regulatory authority.

[HUG#1921601]