Aker Philadelphia Shipyard ASA: Purchase of own shares

AKPS has on July 23, 2014 purchased 2,000 shares in the Company on Oslo Axess at
an average price of NOK 158.62 per share, implying a total consideration of NOK
317,243. Following the transaction, AKPS holds a total of 6,314 own shares,
constituting approximately 0.05% of the Company's shares and votes.

Reference is made to Aker Philadelphia Shipyard ASA's (the "Company") (Oslo:
AKPS) 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.

***

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#1836090]