Aker Philadelphia to Pay Dividend

The Board of Directors of Aker Philadelphia Shipyard ASA yesterday resolved to pay a dividend to the shareholders of AKPS as of expiry of 3 March 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25.

The dividend is classified for accounting purposes as a repayment of previous paid in share premium. The resolution was made pursuant to an authorization granted by the Annual General Meeting of AKPS on 9 April 2014.

The shares in AKPS will be traded ex-dividend from and including 4 March 2015. The dividend will be paid on or about 13 March 2015 to the bank account registered on the relevant shareholder's securities depository (VPS) account.