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Aker Philadelphia Shipyard ASA: Purchase of own shares

AKPS has on August 01, 2014 purchased 1,644 shares in the Company on Oslo
Axess at an average price of NOK 150.96 per share, implying a total
consideration of NOK 248,177. Following the transaction, AKPS holds a total
of 18,746 own shares, constituting approximately 0.15% of the Company's
shares and votes.

Reference is made to Aker Philadelphia Shipyard ASA's (the "Company") (Oslo:
AKPS) stock exchange notice of 17 July 2014 where AKPS announced a buyback
program for up to 10% of the Company's share capital. The buyback program is
carried out in accordance with an authorization granted by the Annual General
Meeting of the Company held on 9 April 2014.


Aker Philadelphia Shipyard is a leading U.S. commercial shipyard constructing
vessels for operation in the Jones Act market. It possesses a
state-of-the-art shipbuilding facility and has earned a reputation as the
preferred provider of oceangoing merchant vessels with a track record of
delivering quality ships. Aker Philadelphia Shipyard is listed on the Oslo
Stock Exchange and is majority-owned by Converto Capital Fund, which in turn
is majority-owned by Aker ASA. Aker is a Norwegian industrial investment
company that creates value through active ownership. Aker's investment
portfolio is concentrated on key Norwegian industries that are international
in scope: oil and gas, fisheries and biotechnology, and marine assets.
Aker's industrial holdings comprise ownership interests in Aker Solutions,
Kvaerner, Det norske oljeselskap, Aker BioMarine, Ocean Yield and Havfisk.

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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker Philadelphia Shipyard via Globenewswire


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