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IMPLEMENTATION OF MERGER WITH KVÆRNER AND AKER DIVIDEND

01.12 2005 09:38

Set out below are key milestones in relation to the completion of the merger and the upcoming dividend from Aker ASA.

1 Dec 2005 Implementation of merger between Aker Maritime Finance AS and Kværner ASA

1 Dec 2005 The last day of trading in Kværner shares on Oslo Børs. No transfers in Kværner shares after end of trading on Oslo Børs on 1 December 2005 will be registered in the Norwegian Central Securities Depository (VPS) or on Oslo Børs. Recipients of the merger consideration in connection with the merger will be Kværner`s shareholders at end of trading on Oslo Børs on 1 December 2005, as reflected in Kværner`s share register following ordinary settlement of trades made on 1 December 2005 (T+3).

2 Dec 2005 Kværner is de-listed from Oslo Børs with effect from and including 2 December 2005

6 Dec 2005 Kværner shareholders receive 1.0935 Aker A shares (ticker AKER) as merger consideration for each share held in Kværner, however such that any fractional shares will be settled in cash.

7 Dec 2005 Last trading day for Aker A share with dividend included

8 Dec 2005 Aker A share traded exclusive of dividend (ex-date)

13 Dec 2005 Expected date when Kværner shareholders receive cash-settlement for any fractional shares, as further described in the prospectus.

20 Dec 2005 Expected date for delivery of dividend on Aker shares. The dividend amounts to NOK 14 per Aker share.