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AKER YARDS TO BUILD PSV FOR OLYMPIC SHIPPING
14.12.2004

Aker Brevik AS, a company in the Aker Yards Group, has been awarded a contract by Olympic Kombiskip KS, in Fosnavåg, Norway, to deliver a platform supply vessel of the UT 755LN type. The contract is worth approximately NOK 125 million.

Aker Yards has in total built 54 ships of the UT-755 type, and has in addition 10 ships of this type in order. This is the seventh contract between the Olympic Shipping group and Aker Yards. Aker Brevik AS will deliver five ships of this type in 2005.
 
The hull for the ship will be built at Aker Brevik's subsidiary in Romania, Aker Braila, and the delivery of the vessel is scheduled for mid- September 2005.
 
Five other ship projects and three process modules now comprises the order backlog at Brevik Construction AS.The platform supply vessel will be Brevik Construction AS newbuilding no. 39.
 
Bøthun & Dokmo AS, Sandvika, Norway has been in charge of the organization and establishment of Olympic Kombiship KS.
 
 
For further information, please contact:
 
Lars Stärk, President Aker Brevik, +47 918 50 560
Tore Langballe, SVP Corporate Communications and Investor Relations,
Aker Yards ASA, +47 24 13 01 30
 
 
 
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels and is Europe's largest and one of the world's five largest shipbuilders. Aker Yards has a strong position in terms of capacity, product range, technology and experience. The Company's product range includes offshore vessels, cruise and ferry vessels, other complex vessels and merchant vessels. The Group has 13 yards in four countries in Europe and in Brazil. Aker Yards had a revenue of NOK 16 bn. in 2003, and has approximately 14.500 employees. www.akeryards.com
 
Aker Brevik AS is a wholly-owned subsidiary of Aker Yards and offers turn-key new building projects from the shipyards Brevik Construction in Norway and Aker Braila in Romania. Aker Brevik has long-standing experience from the construction of specialized vessels, with a portfolio including offshore supply vessels and merchant vessels.

 
   
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