Aker Solutions Sells Well-Intervention Services Business to EQT

22 November 2013 - Aker Solutions agreed today to sell its well-intervention
services business area to EQT, a Swedish private equity fund, for an enterprise
value of NOK 4 billion.

The agreement includes an earn-out provision where Aker Solutions will receive
25 percent of any internal rate of return exceeding 12 percent a year on EQT's
equity investment. Aker Solutions will book a gain before any earn-out of
between NOK 1.8 billion and NOK 1.9 billion from the transaction, which is
predominantly structured as a share sale.

"The sale is part of a strategy to increase our focus on the deepwater and
subsea oil-services markets, where Aker Solutions is well-positioned," said
Øyvind Eriksen, executive chairman of Aker Solutions. "The well-intervention
services business has limited synergies with the rest of the company and will be
better able to develop its full potential with EQT as the owner."

The business provides services that optimise flows from oil reservoirs. It is
strongly positioned within wireline tractor services, which are used to
transport well-intervention equipment along horizontal wells, as well as coiled
tubing. Its main markets are in the UK and Norway.

The division has about 1,500 employees in Europe, Asia, the US and the Middle
East. In 2012, it had revenue of NOK 2.2 billion and earnings before interest,
tax depreciation and amortisation of NOK 401 million.

Aker Solutions will remain involved in the development of the well-intervention
services business through board representation. Rolf Leknes, who heads the
division, will on completion of the transaction remain with the business for a
limited period and in a different capacity to ensure a smooth hand-over to the
new owner.

"Rolf has done an outstanding job in developing the well-intervention services
business and improving its financial performance," Eriksen said. "He will be
invaluable in ensuring continued strong operations in the transition period."

The transaction's equity value purchase price is NOK 3.4 billion, based on an
enterprise value of NOK 4 billion as of 30 June 2013. Including repayment of
intercompany debt, Aker Solutions will receive a cash settlement on completion
slightly in excess of NOK 4 billion.

The transaction is expected to be completed around the end of 2013, pending
clearance from Norwegian competition authorities.

Please find more information related to the transaction in the accompanying
appendix.

ENDS

For further information, please contact:

Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:
+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com

Investor relations:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com

Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.

Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
28 000 people in more than 30 countries. We apply the knowledge and create and
use technologies that deliver our customers' solutions.

Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2012 Aker Solutions had aggregated
annual revenues of approximately NOK 45 billion. The company is listed on the
Oslo Stock Exchange.

This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.


Appendix:
http://hugin.info/77/R/1745122/587340.pdf



This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Aker Solutions ASA via Thomson Reuters ONE
[HUG#1745122]