7 July 2011 - Today, 7 July 2011, will be the last day of trading in the Aker Solutions shares inclusive of right to consideration shares in Kvaerner to be distributed in conjunction with the demerger of Aker Solutions. From and including 8 July 2011, the Aker Solutions shares will trade exclusive of rights to Kvaerner shares. As of the same date, the Kvaerner shares will be assumed for trading on the Oslo Stock Exchange (Nw. Oslo Børs).

The consideration shares in Kvaerner will be distributed on a pro rata basis to shareholders of Aker Solutions as of expiry of 7 July 2011 (cut-off date) as such shareholders appear in the shareholders register of Aker Solutions with the Norwegian Central Securities Depositary (Nw. VPS) as of expiry of 12 July 2011 (record date). Eligible shareholders will receive one consideration share in Kvaerner for each share they own in Aker Solutions as of expiry of the cut-off date, as recorded in the VPS as of expiry of the record date. The consideration shares in Kvaerner will be delivered and made available to eligible shareholders of Aker Solutions on 13 July 2011.  

ENDS

For further information, please contact:

Media:

Geir Arne Drangeid, EVP Communications, Aker Solutions. Tel: +47 67 51 30 36, Mob: +47 913 10 458

Investor relations:

Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Astrid Thommesen Sæbø, VP Investor Relations, Aker Solutions. Tel: +47 22 94 63 37, Mob: +47 481 70 035

Suppliers:

For further information about sourcing and potential subcontracts for this project, please visit www.akersolutions.com/suppliers.

Career opportunities:

Visit http://www.akersolutions.com/careers.

Aker Solutions ASA, through its subsidiaries and affiliates ("Aker Solutions"), is a leading global oil services company that provides engineering and construction services, technologies, product solutions and field-life solutions for the oil and gas industry. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions' parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 47 billion and employs approximately 20 000 people in about 30 countries. These figures include Aker Solutions' wholly owned subsidiary Kvaerner.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.

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