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Philly Shipyard Major Shareholding Notification 2010

Sep 6, 2010

Major Shareholding Notification

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On the 6th of September 2010, Mason Capital

Management LLC sold [1,424,967] shares in Aker

Philadelphia Shipyard ASA, after which it owns

[0.00%] of the total share capital and voting rights

in Aker Philadelphia Shipyard ASA.

For further information, please contact John

Grizzetti at Mason Capital Management LLC at +1 (212)

771-1232.