Refinancing of Aker BioMarine

Aker BioMarine AS, a wholly owned subsidiary of Aker
ASA, has entered into a USD 105 million, three-year
revolving credit facility and obtained a NOK 100
million credit line.
The credit line is an extension of the company's
existing loan agreement, on the same terms. The
revolving credit facility will be drawn upon to
redeem the company's NOK 305 million bond loan, due
on 25 May 2013, and repay NOK 46 million in
outstanding accumulated guarantee fees to Aker ASA.
Aker ASA is paid a fee for issuing a guarantee for
Aker BioMarine's bond loan, in accordance with an
agreement approved by Aker BioMarine's general
assembly on 8 April 2010.
Aker BioMarine will also redeem a short-term loan,
with incurred interests, of NOK 141 million in total
to Aker ASA. The remaining proceeds of the loan will
be used to finance the company's investment in a new
production facility for Superba krill oil, and for
general corporate purposes.
As part of the refinancing, Aker ASA will extend a
NOK 305 million guarantee for Aker BioMarine's new
loan facility. The amount guaranteed is equivalent to
the guarantee issued by Aker ASA for Aker BioMarine's
bond loan, to be repaid by 25 May. The guarantee will
expire upon Aker BioMarine reaching a net interest
bearing debt to EBITDA ratio inferior to 3.5x for two
consecutive quarters.

For further information, please contact:
Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878

Investors:
Marianne Stigset, Investor Relations Manager
Phone: +47 24 13 00 66
Mobile: +47 41 18 84 82