Aker Philadelphia Shipyard ASA: Purchase of own shares

Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 22 July 2014
purchased 2,159 shares in the Company on Oslo Axess at an average price of NOK
158.97 per share with a total consideration of NOK 343,216. Following the
transaction, AKPS holds a total of 4,314 own shares, constituting approximately
0.03% of the Company's shares and votes.

Reference is made to the stock exchange notice of 17 July 2014 where AKPS
announced a buyback program for up to 10% of the Company's share capital. The
buyback program is carried out in accordance with an authorization granted by
the Annual General Meeting of the Company held on 9 April 2014.

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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 of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



[HUG#1834570]