Aker Kvaerner Finalizes Wirth Acquisition

The transaction between Wirth Maschinen- und Bohrgerate-Fabrik GmbH ("Wirth") and Aker Kvaerner regarding the acquisition of 50 percent of the shares has now been closed. The agreement of this transaction was first announced August 1, 2007.

Wirth will be integrated with the Aker Kvaerner subsidiary, Aker Kvaerner MH in Kristiansand, a leading designer and manufacturer of drilling equipment and drilling facilities