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Aker Yards, Cruise & Ferries Appointments

Maritime Activity Reports, Inc.

November 22, 2006

Aker Yards announced several executive sales and marketing appointments for its Cruise & Ferry business in the wake of its acquisition of the French yards in Saint Nazaire and Lorient earlier this year.

Juha Heikinheimo is in charge of Sales and Marketing in the Cruise & Ferries Business Area, and he reports to Yrjö Julin, President.

Carl-Gustaf Rotkirch is in charge of the sales function in Finland and Arnaud Le Joncour in France. Both are also appointed as members of the local management teams. They report to Heikinheimo. So do the other sales managers, Didier Bourdin, Håkan Enlund, Jean-Yves Fustier, Paavo Lohi, Kari Pulli, François Sieur, Johan Snellman and Hannu Tuomela.

Eero Mäkinen is in charge of Marketing, reporting to Heikinheimo.

Kai Levander, reporting to Mr Heikinheimo, is in charge of Naval Architecture. Carole Pavaut has been appointed as Manager of Naval Architecture in Saint Nazaire, Tuomas Routa in Turku and Jukka Vasama in Rauma respectively. They report to Levander.

Alain Buck is in charge of Tender Costing, and he reports to Heikinheimo. Buck also heads Tender Costing in France, while Ilkka Jussila heads the Tender Costing in Finland. He reports to Buck.

Vesa Marttinen is in charge of Lifecycle Services (LCS), which has resources in Finland, France and the United States.

Heikki Sipilä is appointed to be in charge of LCS Projects & Services. He reports to Marttinen. The area sales responsibles, also reporting to Mr Marttinen, are Messrs Jarmo Seppälä / the Americas, Mr Francois Lally / the Mediterranean and Mr Dan Westerlund / North Europe and Asia.

All five mentioned above are members of the LCS management team.

The Sales & Marketing management team of Aker Yards, Cruise & Ferries consists of Juha Heikinheimo, Alain Buck, Arnaud Le Joncour, Kai Levander, Vesa Marttinen, Eero Mäkinen and Carl-Gustaf Rotkirch.

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