The annual general meeting in Aker Yards ASA approved on 29 March 2007 the Board's proposal to split the share (1:5) so that each share with par value of NOK 20 becomes five new shares with par value NOK 4. The company's total share capital would not be changed as a result of the share split, but the total number of shares outstanding will be raised fivefold.
Please see separate announcement for the other resolutions made at the annual general meeting with the minutes of meeting attached.
The Aker Yards share will be traded with a par value of NOK 4 as from Friday 30 March 2007.
For further information, please contact:
Tore Langballe, SVP IR & Communications,
Aker Yards ASA,
+47 24 13 01 30