Philly Shipyard ASA CORRECTION: Key information relating to the cash dividend to be paid by PHLY

The information below has been updated to reflect the corrected record date of
24 February 2017.

Dividend amount: USD 0.25 per share

Declared currency: USD

Last day including right: 22 February 2017

Ex-date: 23 February 2017

Record Date: 24 February 2017

Payment date: On or about 6 March 2017

Approval date: 16 February 2017

Other information:  The dividend is classified for accounting purposes as
payment from retained earnings.



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Philly 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. Philly
Shipyard is listed on the Oslo Stock Exchange and is majority-owned by Aker
Capital AS, which in turn is 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, Aker BP, Aker BioMarine, Ocean Yield and Akastor.

This information is published in accordance with the requirements of the
Continuing Obligations.

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