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Aker Yard Mulls Bond Issuance

Maritime Activity Reports, Inc.

June 19, 2008

Aker Yards ASA is considering to issue bonds in NOK (1 and 3 years respectively) of minimum NOK 250 million and maximum NOK 1BN in each loan. The combined size for both loans is to not exceed NOK 1.2BN. The loans would be used for refinancing of existing debt and general corporate financing.  Arctic Securities will act as Lead Manager and DNB NOR will act as Co-Manager of the issuance.

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