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Aker Yards and Brittany Ferries Cofirm Order

Maritime Activity Reports, Inc.

January 19, 2006

The Letter of Intent (LOI) for a RoRo-passenger ferry signed on December 23 by Aker Yards and the French company Brittany Ferries was today confirmed as a firm contract worth approximately 110 million euro. The vessel will be delivered from Aker Yards, Finland in October 2008. The present orderbook of Aker Yards includes another order from Brittany Ferries, i.e. a trailer ropax worth EUR 80 million to be delivered in autumn 2007. The new ferry is designed to carry passengers, cars and road cargo vehicles between France and the United Kingdom at a speed of 23 knots. The 167 m long and 26.8 m wide vessel, which has been developed in a close co-operation between the Owner and the yard, will have space for 1,500 passengers and 1.1 kilometres of vehicle deck space. "The new type of ferry now ordered by Brittany Ferries strengthens our reputation further as a leading international supplier of modern, quality vessels, says Yrjö Julin, President responsible for Aker Yards Cruise & Ferries business area. "It also raises the orderbook of our Finnish yards to record numbers: the orderbook of Aker Yards in Finland amounts to EUR 3.4 billion, consisting of 17 newbuildings, some of which are the largest in the world". The contract is subject to final confirmation of buyers financing.

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