Aker Yards ASA Magne Hovden has been appointed Chief of Staff for Aker Yards ASA, reporting to the President & CEO. Hovden comes from the position as senior vice president for corporate HR & HSE for Aker Solutions and brings with him solid management experience.

Magne Hovden has ten years experience from several management positions within Aker Solutions, and has for the last three years been responsible for the corporation's human resources and HSE function.

"We are very pleased to get Magne Hovden in as Chief of Staff. He brings with him a solid management experience and understanding from an international industrial company, and he will be able to contribute to the further development of the organisation", says Svein Sivertsen, acting CEO and Chairman of the Board of Directors.

Magne Hovden succeeds acting Chief of Staff, Sissel Anne Lindland, who has decided to leave Aker Yards. Hovden will formally take up his new position with Aker Yards from 15 August 2008. As per 3 June 2008, Hovden owns 4 000 shares in Aker Yards.

"We are sorry that Sissel Anne Lindland has decided to leave the company. As responsible for Corporate HR and acting Chief of Staff, she has been instrumental in the development of our company culture and of the organisation. We wish her good luck in her future career", says Svein Sivertsen.

For further information, please contact:

Torbjørn Andersen SVP Corporate Communication and IR Tel: +47 92 88 55 42

Elise Heidenreich Vice President Investor Relations Tel: +47 95 14 11 47

Aker Yards ASA (www.akeryards.com) 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 18 yards in Brazil, Finland, France, Germany, Norway, Romania, Ukraine and Vietnam. Aker Yards has approximately 21,000 employees.

Aker Yards has agreed to take the Russian investment company FLC West in as a partner and 70 percent owner in the three yards in Germany and Ukraine with effect from 1 July, 2008.

Aker Yards ASA

http://www.akeryards.com

ISIN: NO0010222995

Stock Identifier: XOSL.AKY

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