Aker ASA: Result of offer to buy back shares

Reference is made to the stock exchange release of Aker ASA (the "Company") dated 22 December 2016 concerning an offer to buy back shares in connection with the Company's employee share purchase programme, as well as for other corporate purposes (the "Offer"). The Offer expired on 22 December 2016 at 16:30 (CET).

The Company has resolved to buy back 50 000 shares, as set out in the Offer, at a price of NOK 316 per share. The price was determined through a bookbuilding process. The total number of acceptances exceeded the amount of shares to be bought back under the Offer, and thus, the Company has determined certain criteria of allocation of the acceptances based on the best interest of the company and equal treatment of the shareholders.

The trade date for the shares will be 23 December 2016 and settlement will take place on 28 December 2016.

As a result of the buy back and the settlement of 10 099 shares purchased by employees under the Company's share incentive programme in December 2016, the Company owns 39 901 own shares, corresponding to 0.05 per cent of the share capital and votes in the company.

Arctic Securities ASA is engaged as financial advisor and receiving agent in connection with the Offer.

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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.