Philly Shipyard — Major Shareholding Notification 2010

Sep 6, 2010

AKPS - Disclosure of large shareholdings

Converto Capital Fund AS holds 5 112 750 shares in Aker Philadelphia Shipyard

ASA and is represented on the Board by Audun Stensvold.

Converto Capital Fund AS has today acquired 1 708 000 shares Aker Philadelphia

Shipyard ASA at a price of NOK 3,50 per share.

The number of shares held by Converto Capital Fund AS following the acquisition

is 6 820 750 shares, equal to 67,1% of the shares and votes in the company.

This discosure is made in accordance with sections 4-1 and sections 4-2 of the

Norwegian securities trading act.

For further information, please contact:

Frank O. Reite General Manager of Aker Capital Fund, + 47 24 13 00 00

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1442854]