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DIVIDEND ISSUE – PROSPECTUS

DIVIDEND ISSUE – PROSPECTUS

14.05 2015 11:50

Aker ASA will carry out an issue (the "Dividend Issue") of up to 2,310,189 new shares (the "Dividend Shares") where each shareholder in the Company can choose to use half of the dividend it is entitled to pursuant to the resolution by the General Meeting on 17 April 2015 to subscribe for new shares in the Company. The subscription price isNOK 156.58 per Dividend Share (the “Subscription Price”).

Each shareholder in the Company as of expiry of 17 April 2015 (the “Eligible Shareholders”), as registered with the Company’s shareholder register with the VPS as of expiry of 21 April 2015 (the “Record Date”), is entitled to subscribe for a number of Dividend Shares equal to half the dividend the Eligible Shareholder is entitled to, divided on the Subscription Price and rounded down to the nearest whole number. An Eligible Shareholder may only subscribe for Dividend Shares if half of the dividend the Eligible Shareholder is entitled to, exceeds the subscription price for one Dividend Share. An Eligible Shareholder cannot choose to subscribe for Dividend Shares for a lower or higher amount than half of the dividend the Eligible Shareholder is entitled to. Over-subscription and subscription of Dividend Shares by other than Eligible Shareholders will not be permitted. For the purposes of determining eligibility for participation in the Dividend Issue, the Company will look solely to its register of shareholders with the VPS as of the expiry of the Record Date. No fractional Dividend Shares will be allocated. The difference between the total Subscription Price used for subscription of Dividend Shares and the claim for dividend will be paid in cash.

In order to subscribe for Dividend Shares, Eligible Shareholders need to complete the subscription form and submit it to DNB Registrars Department such that it is received within 16:30 p.m. CET on 29 May 2015. Norwegian citizens may also subscribe for Dividend Shares online by following the link for online subscription below, which will direct the investor to the VPS online subscription system.

The Eligible Shareholders who have not subscribed for Dividend Shares at the time of expiry of the Subscription Period will be paid the total dividend amount the relevant Eligible Shareholder is entitled to in cash without any action on its part.

The subscription period for the Dividend Issue commences at 09:00 a.m. CET on 15 May 2015 and expire at 16:30 p.m. CET on 29 May 2015.

The allocation of Dividend Shares will take place on or about 3 June 2015 and will be delivered on or about 5 June 2015.

The payment of cash dividend will take place on or about 5 June 2015.

For further information about the Dividend Issue, please see the prospectus and stock exchange release of 15 May 2015.

DNB Bank ASA, Registrars Department (tel.: +47 23 26 80 20) is acting as Settlement Agent for the Dividend Issue.

Prospectus

Subscription Form

Online Subscription Link

Resolutions

Resolution of the Dividend Issue by the General Meeting on 17 April 2015

Resolution of the Subscription Price by the Board of Directors on 12 May 2015