Philly Shipyard — AGM Information 2015

Nov 5, 2015

Aker Philadelphia Shipyard: Proposal to Change Company Name-Notice of Extraordinary General Meeting

Aker Philadelphia Shipyard: Proposal to Change Company Name-Notice of Extraordinary General Meeting

The Board of Directors of Aker Philadelphia Shipyard ASA (the "Company") has

resolved to propose that the Company's name is amended to Philly Shipyard ASA.

The shareholders of the Company are invited to attend an extraordinary general

meeting to be held on Monday November 30, 2015, at 14:00 (CET) at Advokatfirmaet

BA-HR DA, Tjuvholmen allé 16, 0252 Oslo, Norway, to approve the contemplated

change of name.

Please find attached the notice of the extraordinary general meeting and the

attendance/proxy form. The documents will also be available at the Company's web

page at www.phillyshipyard.com.

***

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1964288]