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AKER YARDS IN DISPUTE OVER CRUISE VESSEL PROJECT
22.9.2008

Aker Yards France is in a dispute with the cruise vessel operator Norwegian Cruise Line (NCL) over the costs of the construction of a cruise vessel. Aker Yards France is in a process to find solutions to the dispute, including a dialogue with NCL and its involved subsidiaries with the objective of establishing an agreement.

The dispute relates to the ongoing construction of the vessel currently named C 33. This is the first of two vessels ordered by NCL in 2006, with a total value for both ships of EUR 1 470 million. The vessels are scheduled for delivery in 2010. The dispute is not related to the second of the two ships, named Hull D 33.
 
While the process to find a solution is ongoing, Aker Yards France aims at continuing the ongoing work on the C 33 vessel, which is approximately 25 percent complete.
 
Jacques Hardelay, president of Aker Yards France says in a comment "In projects with this magnitude of complexity, we have in this industry several examples that discussions arise during the project execution. We regret that we have a situation with a dispute. While we are in the middle of this process, it would not be correct to speculate on the outcome, or on possible alternatives. Our focus is to find a solution, including continuing the planned activities at our yard in Saint Nazaire".
 
For further information, please contact:
 
Aker Yards ASA:
 
Torbjørn Andersen
SVP Corporate Communications
Tel: +47 92 88 55 42
 
Elise Heidenreich
Vice President Investor Relations
Tel: +47 95 14 11 47
 
Aker Yards France:
 
Eric Breux
Vice President Communications
Tel: +33 6 62 17 67 09 
 

 
   
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