As part of the existing bonus program for employees in Aker ASA (the "Company"), the following primary insiders have received bonus shares. The shares have a lock-in period of three years. Upon allocation, the value of the shares was set to NOK 129.84. This corresponds to the three-day average, volume-weighted price of the Company share starting Thursday 10 March 2016, to which a 20 per cent discount was applied.
The bonus shares were distributed as follows:
The bonus shares were distributed as follows:
| Employee | Role | No. of bonus shares | No. of shares following allocation |
| Frank O. Reite | CFO | 2 112 | 7 547* |
| Ola Snøve | Investment Director | 2 580 | 112 417** |
| Arild Støren Frick | General Counsel | 1 925 | 4 091*** |
| Audun Stensvold | Investment Director | 1 218 | 5 687 |
| Atle Kigen | Head of Communications | 1 127 | 7 397 |
| Ove Taklo | Corporate Controller | 780 | 2 496 |
| Marianne Stigset | Investor Relations Director | 228 | 817 |
| Laila Hop | Paralegal | 55 | 182 |
* Owned through Fausken Invest AS.
** Owned through Storbrea AS.
*** Owned through Elichapet AS.
The allocated bonus shares are drawn from the Company's holdings of own shares. Following the allocation, the Company will hold a total of 136 535 own shares.
END
For further information, please contact:
Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Investors:
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.