Aker Philadelphia Shipyard : Distribution of dividend

On July 16, 2014, the Board of Directors of Aker Philadelphia Shipyard ASA
(Oslo: AKPS) resolved to pay a dividend to the shareholders of AKPS as of expiry
of July 22, 2014, of NOK 1.5 per share, in aggregate NOK 18,862,149. The
resolution was made pursuant to an authorization granted by the Annual General
Meeting of AKPS on April 9, 2014.

The shares in AKPS will be traded ex-dividend from and including July 23, 2014.
The dividend will be paid on or about August 1, 2014 to the bank account
registered on the relevant shareholder's securities depository (VPS) account.

***

Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing
vessels for operation in the Jones Act market.  It possesses a state-of-the-art
shipbuilding facility and has earned a reputation as the preferred provider of
oceangoing merchant vessels with a track record of delivering quality ships.
Aker Philadelphia Shipyard is listed on the Oslo Stock Exchange and is majority-
owned by Converto Capital Fund, which in turn is majority-owned by Aker ASA.
Aker is a Norwegian industrial investment company that creates value through
active ownership. Aker's investment portfolio is concentrated on key Norwegian
industries that are international in scope:  oil and gas, fisheries and
biotechnology, and marine assets. Aker's industrial holdings comprise ownership
interests in Aker Solutions, Kvaerner, Det norske oljeselskap, Aker BioMarine,
Ocean Yield and Havfisk.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



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