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Aker ASA: Offer to buy back shares in Aker ASA

17.12 2015 09:18

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.

Reference is made to Aker ASA's stock exchange release dated 14 December 2015.
In connection with Aker ASA's employee share purchase programme, as well as for
other corporate purposes, Aker ASA hereby launches an offer to all shareholders
in Aker ASA to buy back up to 150 000 shares in Aker ASA. The offer will be
carried out through a bookbuilding process with an offer price of up to NOK
164.50 per share. The maximum price per share is the closing price of Aker ASA
on 16 December 2015 and a premium of 2.5 per cent. Per 16 December 2015, Aker
ASA owns 8 885 own shares.

The bookbuilding period commences immediately and will close at 16:30 (CET) on
17 December 2015. Aker ASA reserves the right to admit acceptances received
after the end of the bookbuilding period, as well as to extend the bookbuilding
period one or several times. Acceptances of the offer are irrevocable and cannot
be withdrawn, however if the bookbuilding period is extended, acceptances can be
withdrawn up to the expiry of the extended bookbuilding period.

Shareholders who wish to sell their shares can call Arctic Securities on
+47 21 01 31 85.

In the event that the total number of received acceptances exceeds 150 000
shares (or the increased amount of shares Aker ASA wishes to purchase), Aker ASA
will determine criteria for the allocation of the acceptances in accordance with
the best interest of the company and the equal treatment of the shareholders.

Allocation and pricing will follow before 09:00 (CET) on 18 December 2015. The
trade date will be 18 December 2015 and settlement will take place on 22
December 2015. If the bookbuilding period is extended, the dates will be
postponed correspondingly.

                                      END

For further information, please contact:
Investors:
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482

Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878

                                      ***

The offer and the distribution of this announcement and other information in
connection with the offer may be restricted by law in certain jurisdictions.
Aker ASA does not assume any responsibility in the event there is a violation by
any person of such restrictions. Persons into whose possession this announcement
or such other information should come are required to inform themselves about
and to observe any such restrictions.
The offer is not being made directly or indirectly in, or by use of the mails
of, or by any means or instrumentality of interstate or foreign commerce of, or
any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and the
District of Columbia (the "United States"). This includes, but is not limited
to, facsimile transmission, internet delivery, e-mail, telex and telephones.
Accordingly, copies of this release and any related documents are not being, and
must not be, mailed, e-mailed or otherwise distributed or sent in or into the
United States and so doing may invalidate any purported acceptance.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act