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2015-09-02

Aker Philadelphia Shipyard: Transaction with Kinder Morgan Approved at Philly Tankers Extraordinary General Meeting

Reference is made to the press release issued by Philly Tankers AS on 10
August 2015 announcing the transaction between its wholly-owned U.S.
subsidiary, Philly Tankers LLC, and a subsidiary of Kinder Morgan, Inc. The
Extraordinary General Meeting (EGM) of the shareholders of Philly Tankers AS
referenced in that press release was held on 2 September 2015. At the EGM,
shareholders accounting for 87.21% of the shares in the company voted to
approve the transaction and the transaction is now formally approved by the
company's shareholders.

About Philly Tankers:

Philly Tankers was established in June 2014 to provide major oil companies and
other end-users with modern tonnage and offer investors pure play exposure
toward the Jones Act tanker space. Philly Tankers is listed on the Norwegian
OTC and is majority-owned by Aker Philadelphia Shipyard ASA, a leading U.S.
commercial shipyard constructing vessels for operation in the Jones Act
market.

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

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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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