Reference is made to stock exchange notice of 2 March 2012 and the therein referenced offer (Offer) from Aker Floating Holding AS (AFH) for all outstanding shares in Aker Floating Production ASA (AKFP) not already owned by AFH.
The acceptance period of the Offer lapsed at 17:30 on 12 March 2012. On the same date, AFH received acceptances of the Offer representing in aggregate 2,915,321 shares in AKFP, which represents approximately 13.25 % of all outstanding shares in AKFP. AFH have accordingly received acceptances of the Offer for in all 4,151,400 shares, which represents 18.87 % of all outstanding shares in AKFP.
AFH herby confirms that the conditions for completion of the Offer are met and the Offer will be completed according to its terms. Upon settlement of the Offer AFH will own 20,066,606 shares in AKFP, representing in all approximately 91.21 % of the total share capital. Settlement for the shares tendered in the Offer will be made as soon as possible and no later than 19 March 2012.
AFH reserves the right to accept additional acceptances that are received after the now ended offer period, provided however that such late acceptances are received within 12.00 on 14 March 2012.
Following settlement of the Offer, AFH intends to carry out a compulsory acquisition of the remaining shares in AKFP in accordance with applicable laws and regulations.
This notice is sent in accordance with § 4-1 of the Securities Trading Act. Mr. Frank Reite, who is an employee of the Aker group company Converto Capital Management AS, is a member of the board of directors of AKFP.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)