As From 2 April Aker Kværner ASA Is Listed On Oslo Børs

Aker Kværner ASA is a major international oil service and engineering and construction group. The group s activities span a number of industries, including Oil & Gas production, Refining & Chemicals, Pharmaceuticals & Biotechnology, Mining & Metals, Power generation and Pulp & Paper. Aker Kværner has aggregated annual revenues of approximately USD 4.5 billion and employs around 22,000 employees in more than 30 countries.

Aker Kværner holds leading niche market positions within the upstream oil and gas and E&C markets. The group defends and increases its existing market positions through consistent delivery of ongoing contracts, continuous cost and efficiency improvements and focused technology development.

Operating revenues and operating profits have had opposite trends during the last three years. While operating revenues declined from NOK 34.1 billion in 2002 to NOK 31.1 billion in 2003, earnings before interest, tax, depreciation and amortisation increased from NOK 573 million in 2002 to NOK 1,003 million in 2003. Bottom line last year after financial items, non-cash accounting effects and NOK 452 million in negative exceptional items was a loss of NOK 348 million.

TRADING LOT:
100
FIRST DAY OF TRADING:
4/2/2004
INDEX:
OSEAX, OSEFX
BRANCH:
Oil & Gas Equipment & Services
ISIN CODE:
NO 001 021 5684
REUTER RIC:
AKVER.OL