BOND ISSUANCE UNDER CONSIDERATION BY AKER YARDS

Aker Yards ASA Aker Yards ASA is considering to issue bonds in NOK (1 and 3 years respectively) of minimum NOK 250 million and maximum NOK 1BN in each loan.

The combined size for both loans is to not exceed NOK 1.2BN. The loans would be used for refinancing of existing debt and general corporate financing.

Arctic Securities will act as Lead Manager and DNB NOR will act as Co-Manager of the issuance.

For additional information, please contact:

Per Håvard Martinsen Arctic Securities Phone: + 47 21 01 32 65

Jan Krogh-Vennemo DnB NOR Phone: + 47 22 01 77 89

Torbjørn Andersen SVP Corporate Communication and IR Aker Yards ASA Phone: +47 92 88 55 42

Elise Heidenreich Vice President Investor Relations Aker Yards ASA Phone: + 47 95 14 11 47

Aker Yards ASA

http://www.akeryards.com

ISIN: NO0010222995

Stock Identifier: XOSL.AKY