As appears from item 5 of the agenda for the ordinary general meeting of Aker Yards ASA on 22 march 2006, the Board proposes a distribution of dividend of NOK 15.50 per share.
Provided that the general meeting adopts the proposal, dividend will be distributed to the company's shareholders as at the end of 4 April 2006. Consequently, the shares will be traded ex dividend as from 5 April 2006.
Shares issued on or before 4 April 2006 by possible conversion pursuant to the agreement referred to in item 14 of the agenda for the ordinary general meeting, will be entitled to dividend for 2005 in line with the existing shares. This is in accordance with the agreement and the reason for the elected record date.
The total amount of dividend will be NOK 352,181,963 if conversion takes place in time, and otherwise NOK 319,333,542
The company intends to transfer the dividend to the shareholders on or about 19 April 2006.