New ticker for Aker Kvaerner: AKVR, and the reverse split effective from Monday 19 May 2003

After the transaction, the company's share capital will be NOK 894,133,920, distributed on 44,706,696 shares with a par value of NOK 20. The change in ticker for Aker Kvaerner reflects the company's new legal name - Aker Kværner ASA - approved by the shareholders meeting 6 May 2003. For further information: Tore Langballe, Vice President, Aker Kvaerner, Group Communications. Tel: +47 67 51 31 06. Email: tore.langballe@akerkvaerner.com www.akerkvaerner.com