Aker ASA: Mandatory notification of trade Ak

Aker ASA ("Aker") has carried out its second employee share purchase programme for the year.

Participants in the share purchase programme were offered a discount of 20 per cent on the closing share price on 20 December 2016. Hence, each participant paid NOK 252 per share. All shares will be locked up for a period of three years from delivery of the shares, during which employees will not be able to sell the shares.

The following primary insiders have purchased shares:

• Atle Kigen, head of communications, has acquired 203 shares in Aker. Mr. Kigen's total shareholding after the acquisition will be 8 100 shares.
• Audun Stensvold, investment director, has acquired 2 000 shares in Aker. Mr. Stensvold's total shareholding after the acquisition will be 7 687 shares.
• Marianne Stigset, head of investor relations, has acquired 100 shares in Aker. Ms. Stigset's total shareholding after the acquisition will be 917 shares.
• Arild Støren Frick, general counsel, has through the company Elichapet AS acquired 500 shares in Aker. Mr. Frick's total shareholding after the acquisition will be 5 000 shares, all of which are held through Elichapet AS.

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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

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