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2014-04-15

Aker Solutions ASA: Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola

April 15, 2014 - Aker Solutions won a contract worth NOK 14 billion from Total
to provide a subsea production system for the Kaombo Block 32 development in
Angola.

Aker Solutions will deliver 20 subsea manifolds and 65 vertical subsea
wellsets. The order also includes associated controls as well as work-over
and tie-in systems. The first deliveries are scheduled for the second quarter
of 2015.

"This is a landmark contract and further strengthens an important relationship
with a key partner," said Øyvind Eriksen, executive chairman of Aker
Solutions. "It's a significant commercial achievement for our subsea business
as well as an important strategic development in our expansion in Angola and
the broader region."

Kaombo, one of the world's largest subsea developments, is located in block 32
about 150 kilometers off the coast of Angola.

Joint Venture
Aker Solutions is committed to developing local content and project execution
capabilities in Angola, where it employs about 130 people. The company has
set up a joint venture with Prodiaman Oil Services Lda, an Angolan company
that will execute local content activities related to this and other future
Aker Solutions subsea projects in Angola.

"I am delighted to be part of this significant project with Aker Solutions for
Total," said Prodiaman's president Pedro Godinho. "I look forward to seeing
that this project makes significant contributions to the education system
through knowledge transfer and job creation in a high-tech industry, all for
the benefit of Angola."

Aker Solutions has been in Angola since 1999.

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

Suppliers:
For further information about sourcing and potential subcontracts for this
project, please visitwww.akersolutions.com/suppliers

Career opportunities:
Visithttp://www.akersolutions.com/careers

Aker Solutions
is a global provider of products, systems and services to the oil and gas
industry. Our engineering, design and technology bring discoveries into
production and maximize recovery from each petroleum field. We employ
approximately 28,000 people in about 30 countries. Go
towww.akersolutions.comfor more information on our business, people and
values.

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

This information is subject of 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 Solutions ASA via Globenewswire

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