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22.12 . 2008

Aker buys the Antarctic Navigator

 

The Board of Aker ASA has approved the agreement from September this year to buy the vessel the Antarctic Navigator. The purchase price is NOK 550 million, as previously communicated.

For Aker and Aker BioMarine's other shareholders, it is positive that Aker BioMarine with this deal is able to focus on its core activities ; capturing and processing krill. The company has previously divested its fisheries business in Argentina and on the Faeroe Islands to Aker Ocean Harvest.

The sale of the Antarctic Navigator has no immediate cash impact on either company. The transaction is settled with Aker BioMarine transferring debt to Aker and giving Aker a seller's credit.

The sale of the vessel has been approved by Aker BioMarine Antarctic AS, which owns the vessel, in a general meeting. All conditions related to the sales agreement have thus been resolved.

Aker remains in dialogue with potential partners about the vessel's future deployment.

For further information please contact: Geir Arne Drangeid, Partner & EVP, Aker ASA, tel: +47 24 13 00 65 Aaron Kramer, CFO Aker BioMarine ASA, tel: +47 916 30 130

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

22.12 . 2008

Aker buys the Antarctic Navigator

The Board of Aker ASA has approved the agreement from September thisyear to buy the vessel the Antarctic Navigator. The purchase price isNOK 550 million, as previously communicated.

19.12 . 2008

Extraordinary General Meeting

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

19.12 . 2008

Extraordinary General Meeting

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

18.12 . 2008

Disclosure Requirement

 

Leif-Arne Langøy holds 41,000 shares in Aker ASA through his company Lapas AS. Langøy has in his capacity of chairman of Aker ASA as of 18 December 2008 been granted proxies to vote for a total of 3,929,268 shares, equivalent to 5.43 per cent of the share capital and the votes of the company, at the extraordinary general meeting on 19 December 2008. The proxies do not contain any voting instructions and shall only apply at the said general meeting.

The proxies imply that Leif-Arne Langøy at the extraordinary general meeting in Aker ASA on 19 December 2008 may cast votes for a total of 3,970,268 shares, equivalent to 5.49 per cent of the share capital and the votes of the company.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

18.12 . 2008

Disclosure Requirement

 

Leif-Arne Langøy holds 41,000 shares in Aker ASA through his company Lapas AS. Langøy has in his capacity of chairman of Aker ASA as of 18 December 2008 been granted proxies to vote for a total of 3,929,268 shares, equivalent to 5.43 per cent of the share capital and the votes of the company, at the extraordinary general meeting on 19 December 2008. The proxies do not contain any voting instructions and shall only apply at the said general meeting.

The proxies imply that Leif-Arne Langøy at the extraordinary general meeting in Aker ASA on 19 December 2008 may cast votes for a total of 3,970,268 shares, equivalent to 5.49 per cent of the share capital and the votes of the company.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

18.12 . 2008

Disclosure Requirement

Leif-Arne Langøy holds 41,000 shares in Aker ASA through his companyLapas AS. Langøy has in his capacity of chairman of Aker ASA as of 18December 2008 been granted proxies to vote for a total of 3,929,268shares, equivalent to 5.43 per cent of the share capital and thevotes of the company, at the extraordinary general meeting on 19December 2008. The proxies do not contain any voting instructions andshall only apply at the said general meeting.

15.12 . 2008

Nomination Committee Recommendations

 

Enclosed please find recommendations from Aker ASA's Nomination committee in connection with the company's Extraordinary General Meeting on 19 December 2008, re. notice of Annual General Meeting.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

15.12 . 2008

Nomination Committee Recommendations

Enclosed please find recommendations from Aker ASA's Nominationcommittee in connection with the company's Extraordinary GeneralMeeting on 19 December 2008, re. notice of Annual General Meeting.

05.12 . 2008

Notice of extraordinary general meeting

 

The shareholders in Aker ASA are invited to attend an extraordinary general meeting to be held on Friday 19 December 2008 at 08.00 hrs at Felix Conference Centre, Byggetorget 3, Aker Brygge, Oslo, Norway.

The Nomination Committee recommendations will be made public through a press release and a notification to the Oslo Stock Exchange as soon as they are finalized.

Please find attached notice of extraordinary general meeting in Aker ASA and the attendance ballot.

The attachments will also be made available on the company's webpage, www.akerasa.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

05.12 . 2008

Notice of extraordinary general meeting

The shareholders in Aker ASA are invited to attend an extraordinarygeneral meeting to be held on Friday 19 December 2008 at 08.00 hrs atFelix Conference Centre, Byggetorget 3, Aker Brygge, Oslo, Norway.

17.11 . 2008

Q3 2008 presentation

 

Please find attached the Q3 2008 presentation.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

17.11 . 2008

Q3 2008 presentation

Please find attached the Q3 2008 presentation.

17.11 . 2008

Langøy to resign

 

Leif-Arne Langøy has notified Aker's nomination committee and Board of Directors that he wishes to step down as Board Chairman and CEO of Aker ASA by year-end 2008. Mr. Langøy will continue to work for Aker and will serve on the boards of several Group companies.

- I have been subject to bouts of dizziness for the past year and a half, a problem exacerbated by business travel and flights. Since I have not fully recovered, I choose to step down as Aker's Board Chairman and CEO out of concern for my personal health and the best interests of Aker, says Mr. Langøy.

Efforts to recruit Langøy's successor as President and CEO are underway. A new Board Chairman will be elected by an Aker ASA extraordinary shareholders' meeting later this year. The date of the shareholders' meeting has not yet been finalized.

Aker's nomination committee will recommend that Kjell Inge Røkke take over as Board Chairman, and that Leif-Arne Langøy continue to serve as a Board member. The committee will also recommend that Mr. Langøy replace Mr. Røkke as chair of Aker's nomination committee. A similar change will be proposed to the nomination committees of other Aker companies in the spring of 2009.

- We had fervently hoped that Leif-Arne would recover and continue serving as both Board Chairman and CEO, but I fully respect his decision, says Kjell Inge Røkke, Aker's main shareholder.

- I am grateful beyond measure for Leif-Arne's drive, first at Aker Yards and for the past six years as Aker President and CEO, and more recently as Aker's Board Chairman. I am pleased that he will keep working as one of the Aker team. Leif-Arne will remain one of my very closest advisors, says Mr. Røkke.

Along with continuing to serve on Aker ASA's Board of Directors, Langøy will prioritize his Board membership at Aker Solutions. He will continue as co-owner and Deputy Board Chairman of TRG Holding, the Røkke family's holding company. Mr. Langøy will resign his appointments at other exchange-listed Aker companies effective as of the annual shareholders' meetings to be held in the spring of 2009.

For further information, please contact: Geir Arne Drangeid, Senior Partner & EVP, Aker ASA. Tel: +47 24 13 00 65

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

17.11 . 2008

Langøy to resign

Leif-Arne Langøy has notified Aker's nomination committee and Boardof Directors that he wishes to step down as Board Chairman and CEO ofAker ASA by year-end 2008. Mr. Langøy will continue to work for Akerand will serve on the boards of several Group companies.

17.11 . 2008

Financial calendar for 2009:

 

4th quarter results 2008 / preliminary annual result 2008: 27 February 2009

Annual General Meeting: 2 April

1st quarter results 2009: 11 May

2nd quarter results 2009: 19 August

3rd quarter results 2009: 5 November

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

17.11 . 2008

Financial calendar for 2009:

4th quarter results 2008 / preliminary annual result 2008: 27February 2009

17.11 . 2008

Moving forward during tough times

 

The Aker industrial group is not unaffected by the current turbulence in worldwide credit and stock markets, but the company continues to progress along a steady course, closely focused on the company's long-term industrial goals. Over the two past years, the company has built a solid financial foundation. This financial strength provides shareholders with security as to future dividend-paying capacity and prospects for continued value growth via the launch and development of new companies in the Aker family. - Aker creates, develops and improves businesses. This year we are influenced by having many companies in the start-up and early development phases. The group's net profit in the first nine months of the year is therefore negative by nearly NOK 700 million, of which almost NOK 600 million reflect technical accounting effects in Aker Drilling that have no cash impact. In the short-term, results will naturally fluctuate at Aker, which is focused on long-term industrial development. We are moving forward in tough times, says Leif-Arne Langøy, Chairman and CEO of Aker ASA. In the third quarter of 2008, Aker Solutions - the largest Aker company - once again delivered strong profit performance: Aker Solutions reported a record-high 8.5 percent operating margin (EBITDA). Aker Solutions' order backlog is also growing ; these factors generate predictability for the company's activities in the time ahead. In Ghana, Aker was recently selected as the license operator of an extensive deepwater oil and gas exploration area. Promising geological structures have been identified in the acreage covered by the exploration and production license. Comprehensive survey and exploration work are planned for 2009 and thereafter. Key milestones have been passed in many of the new Aker companies recently. Aker Floating Production has begun oil production offshore India, and Aker BioMarine has launched its new business plan. The market value of Aker's shareholdings in stock-exchange listed companies has fallen significantly over the past months, in step with general stock-market developments. As of 30 September 2008, Aker ASA's value-adjusted equity (net asset value) amounted to NOK 25.6 billion, or NOK 354 per Aker ASA share. The equivalent net asset value at the end of 2007 was NOK 33.3 billion. Aker's financial position remains strong, despite current market developments. Total short-term interest-bearing receivables, cash, and cash equivalents of the parent company and holding companies amounted to NOK 6.8 billion as of 30 September 2008. - A continuing positive outlook for market segments will continue to drive further development of companies in industrial sectors in which Aker is well versed. Aker considers that its companies are well positioned as to markets and competitors, and sees significant potential for value growth in its portfolio of companies, says Langøy. The global economy is currently undergoing the most profound changes experienced in several generations. These developments may affect Aker companies' markets over the short and medium term. Nevertheless, Aker considers that the world's ever-growing population will drive demand for energy, high-quality food, and health-promoting products that are produced in a sustainable manner. These trends will generate demand for the technologies, products, expertise, and solutions developed and delivered by Aker companies.

Please find attached the Q3 2008 report.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

17.11 . 2008

Moving forward during tough times

The Aker industrial group is not unaffected by the current turbulencein worldwide credit and stock markets, but the company continues toprogress along a steady course, closely focused on the company'slong-term industrial goals.Over the two past years, the company has built a solid financialfoundation. This financial strength provides shareholders withsecurity as to future dividend-paying capacity and prospects forcontinued value growth via the launch and development of newcompanies in the Aker family.- Aker creates, develops and improves businesses. This year we areinfluenced by having many companies in the start-up and earlydevelopment phases. The group's net profit in the first nine monthsof the year is therefore negative by nearly NOK 700 million, of whichalmost NOK 600 million reflect technical accounting effects in AkerDrilling that have no cash impact. In the short-term, results willnaturally fluctuate at Aker, which is focused on long-term industrialdevelopment. We are moving forward in tough times, says Leif-ArneLangøy, Chairman and CEO of Aker ASA.In the third quarter of 2008, Aker Solutions - the largest Akercompany - once again delivered strong profit performance: AkerSolutions reported a record-high 8.5 percent operating margin(EBITDA). Aker Solutions' order backlog is also growing; thesefactors generate predictability for the company's activities in thetime ahead.In Ghana, Aker was recently selected as the license operator of anextensive deepwater oil and gas exploration area. Promisinggeological structures have been identified in the acreage covered bythe exploration and production license. Comprehensive survey andexploration work are planned for 2009 and thereafter.Key milestones have been passed in many of the new Aker companiesrecently. Aker Floating Production has begun oil production offshoreIndia, and Aker BioMarine has launched its new business plan.The market value of Aker's shareholdings in stock-exchange listedcompanies has fallen significantly over the past months, in step withgeneral stock-market developments. As of 30 September 2008, AkerASA's value-adjusted equity (net asset value) amounted to NOK 25.6billion, or NOK 354 per Aker ASA share. The equivalent net assetvalue at the end of 2007 was NOK 33.3 billion.Aker's financial position remains strong, despite current marketdevelopments. Total short-term interest-bearing receivables, cash,and cash equivalents of the parent company and holding companiesamounted to NOK 6.8 billion as of 30 September 2008.- A continuing positive outlook for market segments will continue todrive further development of companies in industrial sectors in whichAker is well versed. Aker considers that its companies are wellpositioned as to markets and competitors, and sees significantpotential for value growth in its portfolio of companies, saysLangøy.The global economy is currently undergoing the most profound changesexperienced in several generations. These developments may affectAker companies' markets over the short and medium term. Nevertheless,Aker considers that the world's ever-growing population will drivedemand for energy, high-quality food, and health-promoting productsthat are produced in a sustainable manner. These trends will generatedemand for the technologies, products, expertise, and solutionsdeveloped and delivered by Aker companies.

11.11 . 2008

Presentation of 3rd quarter results for 2008

 

Aker ASA and Aker Floating Production ASA release their 3rd quarter results for 2008 on Monday 17 November 2008. A presentation will be given in Shippingklubben, Haakon VIIs gt. 1, Oslo. The presentation starts at 09:30 a.m. CET.

President Leif-Arne Langøy and CFO Bengt A. Rem will present the results and comment on the development in the main Aker group companies.

All presentations will be broadcasted live on www.akerasa.com, www.myaker.net and www.hegnar.no. Please note that the presentations will be given in Norwegian.

The Q3 2008 reports and presentations will be available at www.newsweb.no, www.akerasa.com, and www.akerfloatingproduction.com.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

11.11 . 2008

Presentation of 3rd quarter results for 2008

Aker ASA and Aker Floating Production ASA release their 3rd quarterresults for 2008 on Monday 17 November 2008. A presentation will begiven in Shippingklubben, Haakon VIIs gt. 1, Oslo. The presentationstarts at 09:30 a.m. CET.

06.11 . 2008

Aker wins deepwater acreage in Ghana

 

Aker ASA has been awarded a major oil and gas deepwater exploration and production license in the Gulf of Guinea. This region, off the coast of west Africa, is widely regarded as one of the world's most promising petroleum provinces.

Ghana National Petroleum Corporation (GNPC) and governmental authorities selected Aker as the operator of the offshore exploration area South Deepwater Tano in competition with international oil companies. The award has been sanctioned by the Ghanaian Parliament.

- The award by GNPC and the Ghanaian authorities represents recognition of Norway's oil and gas expertise and a vote of confidence in Aker's capabilities, says Aker ASA's Board Chairman and President and CEO Leif-Arne Langøy. "The project generates exciting opportunities for several Aker companies."

Ownership interests for the exploration phase at South Deepwater Tano are to be allocated as follows: Aker, 85 percent ; GNPC and the Ghanaian government together will own 10 percent ; and Aker's local partner Chemu Power Ltd. will hold a 5 percent stake. Upon determination as a commercially viable field, the combined stake of GNPC and the government of Ghana can increase to 25 percent.

The Tano basin is located off the coast of the west African country the Republic of Ghana. The exploration area covers 3,500 square kilometers, which corresponds to approximately eight exploration blocks on the Norwegian continental shelf. Water depths in the area range from 2,000 to 3,000 meters.

The Jubilee deepwater field has demonstrated the commercial potential of Ghana's continental shelf. Jubilee, located in the Tano basin, is one of the largest offshore oil fields discovered in the past five years.

South Deepwater Tano shares much of the promising geology found at Jubilee. However, South Deepwater Tano is located further offshore in the Gulf of Guinea and at greater water depths than Jubilee.

Aker will be in the driver's seat regarding exploration and development of South Deepwater Tano. Initially, Aker will invest USD 25-30 million in seismic survey and data interpretation ; the program is scheduled to begin in the first quarter of 2009. Drilling the first South Deepwater Tano exploration well is planned for 2011. Aker will consider inviting other industry participants to join as license partners.

- We believe that Aker will prove a solid partner for Ghana's authorities, who have a clear vision for making the country's oil and gas resources advance the nation's welfare. Aker has played a key role since the opening chapter of Norway's modern history as an oil producer. Aker's broad industrial capabilities have continued to develop through new technologies and projects worldwide. We are now sharing this wealth of experience with the government and people of Ghana, says Mr. Langøy.

Aker Solutions, Aker Oilfield Services, Aker Exploration, Aker Drilling, and Aker Floating Production are companies that individually and jointly deliver products, technologies, and solutions throughout the entire oil and gas value chain. The engineering know-how and project execution skills of these Aker companies are particularly valuable assets for the exploration and production of oil and gas at ultra-deepwater fields.

- Aker is able to cut the time span from identification of hydrocarbons to production of first oil. Time is money. Working as a team, Aker companies can develop oil fields and get them into production quicker than competitors. We have proven this capability via numerous field development projects worldwide, says Langøy.

For further information, please contact: Geir Arne Drangeid, Aker EVP, tel: +47 913 10 458

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

06.11 . 2008

Aker wins deepwater acreage in Ghana

Aker ASA has been awarded a major oil and gas deepwater explorationand production license in the Gulf of Guinea. This region, off thecoast of west Africa, is widely regarded as one of the world's mostpromising petroleum provinces.

17.10 . 2008

Updated financial calendar for 2008:

 

The following Aker companies have modified the previously announced time and date for publication of their third-quarter 2008 reports, due to practical considerations:

 

Aker ASA: 17 November (rescheduled from 5 November)

Aker Floating Production ASA: 17 November (rescheduled from 5 November)

Aker BioMarine ASA: 13 November (rescheduled from 29 October)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

17.10 . 2008

Updated financial calendar for 2008:

The following Aker companies have modified the previously announcedtime and date for publication of their third-quarter 2008 reports,due to practical considerations: