Aker Kvaerner Okays Dividend and Share Split

The annual general meeting of Aker Kværner ASA on Thursday adopted the board's proposal to distribute a dividend of NOK 40 per share (before the share split). The dividend will be paid on 13 April 2007 to shareholders listed in the Norwegian Central Securities Depository (VPS) as of 29 March. The shares will be traded ex-dividend from 30 March on the Oslo Stock Exchange.

The annual general meeting also approved a share split whereby one old Aker Kvaerner share is converted into five new shares. The number of shares issued will thus be changed from 55,029,234 to 275,146,170. The split will be effective on the Oslo Stock Exchange from 30 March.