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AKER YARDS TO BUILD FOUR PSV'S FOR SIEM OFFSHORE
6.5.2005

Aker Brattvaag, a company in the Aker Yards Group, and Siem Offshore Inc have entered into a contract to build four platform supply vessels (PSV's). The value of the newbuilding contract is approximately NOK 490 million.

The vessels will be 73.4 meters long, and 16.6 meters wide, and will have a maximum cargo
capacity of 3 600 tonnes. The vessels are of Vik- Sandvik design VS 470 mk II, of which twelve vessels have been built in the past. Delivery is scheduled for 2006. The contract includes a potential delivery of two more vessels.
 
 
For further information, please contact:
 
Magne Håberg, SVP Sales and Marketing, Aker Brattvaag AS,                                       +47 70 21 06 10
Tore Langballe, SVP Corporate Communications and IR, Aker Yards ASA                       +47 24 13 01 30
                               
 
Aker Yards is an international shipbuilding group focusing on sophisticated vessels and is one of the world's five largest shipbuilders. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels and ferries, merchant vessels, offshore and specialized vessels. Aker Yards, with a turnover of NOK 12.5 bn. in 2004, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil and has approximately 13,000 employees. www.akeryards.com
 
Aker Brattvaag AS is a subsidiary of Aker Yards ASA and comprises six shipyards in Norway, Romania and Brazil. Aker Brattvaag has approximately 4000 employees, and an annual revenue of NOK 3-3.5 billion. The company builds a wide range of specialized vessels, including offshore supply and fishing vessels. The company's main office is in Brattvåg, near Ålesund. www.brattvaag.no
                                                             
 

 
   
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