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RE: LOI BETWEEN COLOR LINE AND AKER YARDS
25.5.2005

Reference is made to release sent to the Oslo Stock Exchange on 3 March 2005. Aker Yards and Color Line AS are planning to convert the announced Letter of Intent to a firm contract by the end of this week. The final decision will be made on Friday 27 May, and presented onboard MS Color Fantasy in Oslo at 12 noon.

For further information, please contact:
 
Color Line AS
Helge Otto Mathisen,  Information director,                                      +47 99 22 33 30
 
Aker Yards ASA
Tore Langballe, SVP Communications and Investor Relations,        +47 90 777 841
 
 
Color Line AS  is a Norwegian based, leading European player in the world of travel, adventure and transport with more than 3,200 employees in four countries. Annually revenues are approx. NOK 4 bn. The company has a fleet of 11 ships operating 7 international routes between 10 harbors in Norway, Germany, Sweden and Denmark. Annually more than 4,2 million passengers, 800,000 vehicles and 160,000 trucks are transported with Color Line. Color Hotel Skagen AS in Denmark is an integrated part of the cruiseferry business. The main office is located in Oslo.. www.colorline.no
 
 
Aker Yards is an international shipbuilding group focusing on sophisticated vessels and is one of the world's five largest shipbuilders. The group has a strong position both in terms of innovation, product range, technology, experience and capacity. The product range includes cruise vessels and ferries, merchant vessels, offshore and specialized vessels. Aker Yards, with a turnover of NOK 12.5 bn. in 2004, comprises 13 yards in Norway, Finland, Germany, Romania and Brazil and has approximately 13,000 employees. www.akeryards.com

 
   
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