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Aker Kvaerner Appoints Subsea Aftermarket Boss

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Aker Kvaerner
12657 AlCosta Blvd., Suite 200
San Ramon, CA, 94583
USA



Press release date: February 15, 2008

15 February 2008 - Aker Kvaerner's Subsea business area has appointed Dave Hutchinson, 40, as its senior vice president for Aftermarket operations.

Hutchinson, currently based in Singapore, has more than 20 years' experience in drilling, offshore operations, oilfield services, fabrication, manufacturing and management. He joins from the position of vice president Surface Products & Services, a business unit within Aker Kvaerner Subsea. He has led this 400-strong global operation for the past two-and-a-half years. Prior to this Hutchinson was general manager for Aker Kvaerner Subsea in Nigeria.

In his new role as head of Aftermarket, Hutchinson will be based at Aker Kvaerner Headquarters, Oslo, Norway. He will be part of the Subsea business area global management team and report to Raymond Carlsen, executive vice president, Aker Kvaerner Subsea.

Hutchinson starts in his new role on 1 March 2008.

AKER KVÆRNER ASA, through its subsidiaries and affiliates ("Aker Kvaerner"), is a leading global provider of engineering and construction services, technology products and integrated solutions. The business within Aker Kvaerner comprises several industries, including Oil & Gas, Refining & Chemicals, Mining & Metals and Power Generation. The Aker Kvaerner group is organised in a number of separate legal entities. Aker Kvaerner is used as the common brand/trademark for most of these entities.

The parent company in the group is Aker Kværner ASA. Aker Kvaerner has aggregated annual revenues of approximately NOK 58 billion and employs approximately 24 000 people in about 30 countries.

Aker Kvaerner is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine-resources industries. The Aker companies share a common set of values and long traditions of industrial innovation. As an industrial owner with a 40.27 percent holding in Aker Kvaerner, Aker ASA takes an active role in the development of its holdings.

For further information, or a photo of Dave Hutchinson, please contact:

Media: Endre Johansen, communications manager, Aker Kvaerner Subsea. Tel: +47 22 94 58 91, Mob: +47 416 10 605. E-mail: endre.johansen@akerkvaerner.com

Investor relations: Lasse Torkildsen, SVP Investor Relations, Aker Kvaerner. Tel: +47 67 51 30 39, Mob: +47 911 37 194

Career opportunities: Visit http://akerkvaerner.com/Internet/CareerCentre
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