Tronstad Named President of Aker Kvaerner Verdal

Nina Udnes Tronstad joins Aker Kvaerner as President for the offshore yard at Verdal. She comes from a position as Executive Vice President for HSE in Statoil where she has been a member of the corporate executive committee since April 2005. She will start 1 September 2007. She will report to Mr. Bjørnar Skjevik who will return to his position as head of Aker Kvaerner's fabrication yards.

The team of Presidents at Aker Kvaerner's Norwegian offshore yards will consist of:

Ms. Nina Udnes Tronstad, Aker Kvaerner Verdal

Ms. May-Wenche Hammert, Aker Kvaerner Egersund Mr. Stian Vemmestad, Aker Kvaerner Stord Bjørnar Skjevik continues in his role as head of the fabrication yards in Aker Kvaerner. Nina Udnes Tronstad will report to him. Nina Udnes Tronstad resides with her family at Inderøy, not far from Verdal. She joined Statoil in 1983 and has had a number of managerial positions in the Statoil, including at its Danish and Swedish subsidiaries. Ms Udnes Tronstad has management experience from Statoil's Mongstad refinery and has been vice president for information technology. She was operations vice president for the Kristin project in the Norwegian Sea in the Exploration & Production Norway business area from 2001 to March 2005. She is a chemistry graduate from the Norwegian University of Science and Technology in Trondheim. Elective posts: Director of Eitzen Maritime Services ASA.