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AKER YARDS CLARIFIES COVENANT POSITION
6.3.2008

As clearly communicated in the reporting of preliminary financial results for 2007, Aker Yards may have a breach of one financial covenant in some loan agreements on corporate level as of 31 December 2007. A potential breach will most likely be repaired during March at the latest. A dialogue has been initiated with the bond holders' representative in Oslo, Norsk Tillitsmann, and with the involved banks. The company aims at having the situation clarified shortly.

For further information please contact:
 
Torbjørn Andersen
SVP Corporate Communication and IR
Tel: +47 92 88 55 42
 
Elise Heidenreich
Investor Relations Manager
Tel: +47 95 14 11 47

 
   
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