- Disclosure - Intra-group reorganization of ownership to shares in AKS


Reference is made to stock exchange announcement issued by Aker ASA today on
the reorganization of the investment activitites in Aker. 

Aker Seafoods Holding AS (“AKSH”), a wholly-owned subsidiary of Aker ASA
(“Aker”), has transferred 31,544,910 shares, equaling 64.85 per cent of the
outstanding shares and votes, in Aker Seafoods ASA (“AKS”) to Aker Capital Fund
AS (“ACF”) (the “Transaction”). Aker holds all voting rights in ACF. 

The Transaction is part of Aker´s previously announced efforts to simplify the
organization of its business activities. The shares in AKS subject to the
Transaction will be added to Aker´s portfolio of financial holdings. 

The Transaction has been made as a contribution in kind on the basis of a share
price of NOK 7.39 per share in AKS. 

Following completion of the Transaction, ACF will own 31,544,910 shares in AKS,
equaling 64.85 per cent of the shares and votes of AKS, whereas AKSH will not
own any shares in AKS. The indirect ownership interest of Aker in AKS will
remain unchanged following completion of the Transaction. 

AKSH and Aker are represented at the board of directors of AKS by Frank Reite
and Niclas Ljungblom. 

Oslo Børs has exempted the Transaction from the mandatory offer rules under the
Norwegian Securities Trading Act (the “Securities Trading Act”) pursuant
section 6-2 (3) of the Securities Trading Act. 

The information contained herein is subject to the disclosure requirements of
sections 4-1 and 4-2 of the Securities Trading Act as well as the decision of
Oslo Børs to exempt the Transaction from the mandatory offer rules of the
Securities Trading Act.