Philly Shipyard — Major Shareholding Notification 2015

Oct 1, 2015

Aker Philadelphia Shipyard : Internal restructuring of Aker ASA equity holdings

Aker Philadelphia Shipyard : Internal restructuring of Aker ASA equity holdings

Aker ASA ("Aker") has on 30 September 2015 transferred its equity holdings in

Converto Capital Fund AS to Aker Capital AS, a wholly-owned subsidiary of Aker.

As per 30 September 2015, Converto Capital Fund AS directly held 7,237,631 of

the issued shares and votes in Aker Philadelphia Shipyard ASA, or 57.56 per cent

of the share capital.

For further information, please refer to Aker's stock exchange notice published

today.

END

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1955933]