Aker Solutions Rebuts Claims in Dagens Næringsliv

19 December 2013 - Aker Solutions on Dec. 18 sent Aker Kværner Holding an account of 2009 agreements related to the Aker Wayfarer vessel. Aker Kværner Holding on Nov. 21 asked for an account of the transaction after accusations in articles in the newspaper Dagens Næringsliv. Norway's Industry and Trade Minister Monica Mæland requested in a letter to Aker Kværner Holding a review of the allegations. Aker Solutions takes the allegations seriously and has devoted considerable efforts into setting the record straight. Aker Solutions finds: - That there is no basis for claiming there was an intent to make an unreasonable transfer of values to Aker ASA. - That the process for entering into the agreements was correct and fulfilled all legal requirements. - That the agreements were made after a thorough process that involved people internally and externally and included both internal and external valuations. - That the agreements were consistent with Aker Solutions' strategy and goals at the time. "This thorough account repudiates the claims that were put forth in Dagens Næringsliv," says Leif Borge, chief financial officer and daily manager of Aker Solutions. It is important to Aker Solutions that there is confidence that the company's decision-making process and business strategy is based on the company's interests and that the relationship with Aker Kværner Holding helps promote this business. Aker Solutions wishes to contribute to openness in this matter by publishing the full account today on its website. ENDS For further information, please contact: Media: Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com. Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com. 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 Solutions provides oilfield products, systems and services for customers in the oil and gas industry world-wide. The company's knowledge and technologies span from reservoir to production and through the life of a field. Aker Solutions brings together engineering and technologies for oil and gas drilling, field development and production. The company employs approximately 28 000 people in more than 30 countries. We apply the knowledge and create and use technologies that deliver our customers' solutions. Aker Solutions ASA is the parent company in the group, which consists of a number of separate legal entities. Aker Solutions is used as the common brand and trademark for most of these entities. In 2012 Aker Solutions had aggregated annual revenues of approximately NOK 45 billion. The company is listed on the Oslo Stock Exchange. This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com. Link to the account (English translation): http://hugin.info/77/R/1751209/590272.pdf Link to the accompanying letter (Norwegian only): http://hugin.info/77/R/1751209/590273.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Aker Solutions ASA via GlobeNewswire [HUG#1751209]