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STRENGTHENING OF CORPORATE MANAGEMENT
8.9.2008

Aker Yards ASA has appointed Mr. Sang-Ho Shin as Chief Operating Officer (COO).

Mr. Shin comes from a position as vice president of STX Shipbuilding in Korea, where he has been chief for the Jinhae shipyard. Sang-Ho Shin has held several senior management positions within the STX group since 1980, and has a university education within industrial strategy and mechanical engineering.
 
In Aker Yards, Mr. Shin will focus on production efficiency, procurement, logistics, knowledge transfer, technology & innovation.
 
"We are very pleased that we get Sang-Ho Shin as COO for Aker Yards. The recruitment strengthens the corporate management and the support of the business operations" says Torstein Dale Sjøtveit, CEO of Aker Yards.
 
For further information, please contact:
 
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 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 15 yards in Brazil, Finland, France, Norway, Romania and Vietnam, in addition to ownership in yards in Germany and Ukraine. Aker Yards has approximately 16 000 employees.

 
   
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