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CONTRACT TO BUILD PSV FOR AKER YARDS
17.3.2005


Aker Yards, via its wholly owned subsidiary, Aker Brevik, has entered into a contract with Island Offshore VIII KS in Ulsteinvik, Norway, to deliver a UT 755LN platform supply vessel. The value of the contract is approximately NOK 130 million.
 
This is the fourteenth contract between the shipowner, Island Offshore Group in Ulsteinvik and Aker Yards and the third for delivery in 2005 between Aker Brevik AS and the Island Offshore Group.
 
The hull for the PSV will be built at Vyborg Shipyard in Russia, and will arrive in Brevik in August this year. Delivery of the vessel is scheduled for medio December 2005.
 
The platform supply vessel for Island Offshore is designated newbuilding number 41 at Brevik Construction AS.
 
With this contract Brevik Construction has a backlog of orders for 7 ships for delivery up to June 2006.
 
 
For further information, please contact:
Lars Stärk, Managing Director Aker Brevik, +47 918 50 560
 
Tore Langballe, SVP Corporate Communications and Investor Relations,
Aker Yards ASA, +47 24 13 01 30
 
 
Aker Yards is an international shipbuilding group focusing on complex and sophisticated vessels and is 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 cruise and ferry vessels, merchant vessels and offshore and specialized vessels. The Group has 13 yards in four countries in Europe, and in Brazil. Aker Yards had revenues of NOK 12.5 bn. in 2004, and has approximately 13.000 employees. www.akeryards.com 
 
Aker Brevik is a wholly-owned subsidiary of Aker Yards and offers turn-key newbuilding 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 Ro-Ro, fishing vessels and offshore supply vessels.

 
   
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