Aker - Share Issue/Capital Change 2017

Aker ASA : Private placement in Aker BP ASA

Reference is made to Aker BP's ("Aker BP") stock exchange announcement today

regarding a private placement (the "Private Placement") of 22,376,438 new shares

in Aker BP.

Aker Capital AS ("Aker"), a wholly-owned subsidiary of Aker ASA, subscribed for

and was allocated 8,950,799 new shares in the Private Placement.

Aker has entered into a share lending agreement with Nordea Bank AB (publ),

filial i Norge ("Nordea"), and Aker BP, whereby Aker has agreed to lend

6,713,491 shares in Aker BP to Nordea to facilitate timely delivery of shares to

subscribers in the Private Placement.

Following the return of the borrowed shares to Aker and upon completion of the

share capital increase under the Private Placement, Aker will own 144,049,005

shares in Aker BP, corresponding to 40 per cent of the outstanding shares in the

company.

For further information, please contact:

Investors:

Per Kristian Reppe, 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.

AI assistant