Oslo, 21 July 2008: FLC West has confirmed to Aker Yards that they have received approval from Ukraine authorities to come in as a 70 percent shareholder in three of Aker Yards' shipyards in Germany and Ukraine. As all approvals from regulatory authorities are now in place, Aker Yards and FLC West will proceed with finalising the transaction within July. The completion of the transaction will affect Aker Yards' third quarter financial results. Further details regarding the final financial effects of the transaction will be presented at Aker Yards' presentation of the second quarter financial results at 8 August.
For further information, please contact
Aker Yards ASA
SVP Corporate Communication and IR
Tel: +47 92 88 55 42
VP, Investor Relations
Tel: +47 95 14 11 47
Aker Yards ASA is an international shipbuilding group focusing on sophisticated vessels. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels & ferries, merchant vessels and offshore & specialized vessels. Aker Yards comprises 18 yards in Brazil, Finland, France, Germany, Norway, Romania, Ukraine and Vietnam. Aker Yards has approximately 21,000 employees.