Aker Philadelphia to Pay Dividend

Maritime Activity Reports, Inc.

February 26, 2015

Photo courtesy Aker  Philadelphia

Photo courtesy Aker Philadelphia

The Board of Directors of Aker Philadelphia Shipyard ASA yesterday resolved to pay a dividend to the shareholders of AKPS as of expiry of 3 March 2015, of USD 0.25 per share, in aggregate USD 3,026,975.25.

The dividend is classified for accounting purposes as a repayment of previous paid in share premium. The resolution was made pursuant to an authorization granted by the Annual General Meeting of AKPS on 9 April 2014.

The shares in AKPS will be traded ex-dividend from and including 4 March 2015. The dividend will be paid on or about 13 March 2015 to the bank account registered on the relevant shareholder's securities depository (VPS) account.

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