The board of directors of Aker ASA recommends amending the previously proposed
dividend of NOK 23.50 per share, in response to market developments resulting
from the COVID-19 pandemic and collapse in oil demand and activity. The board
instead proposes that it is authorized to determine the distribution of
dividends based on the 2019 annual accounts, with the aim of semi-annual
assessments.

Aker ASA's board of directors is following the crisis in the Norwegian and
global economy closely and is taking the necessary measures to protect
shareholder value and continued financial strength to pursue opportunities. The
significant decrease in oil prices have led to large reductions in investments
and, hence, future activity in the oil and gas industry. These cuts are reducing
the revenues for the oil service sector directly, as projects are cancelled
and/or postponed.

Due to increased uncertainty following the recommendation on February 13, 2020,
the board resolved on March 31 to amend the proposal to ask the general meeting
not to conclude on a dividend payment of NOK 23.50. Aker will, hence, book no
provision for dividend in the 2019 accounts. Instead, the board proposes that it
is authorized to resolve the distribution of dividends based on the company's
annual accounts for 2019, with the aim of making this assessment semi-annually.
In its assessment, emphasis will be placed on the market situation and
prospects, activity level, investment opportunities and needs, as well as other
relevant factors.

Aker ASA's main shareholder, TRG (68.2 percent shareholding), has recommended
that the board considers a distribution of half of the originally proposed
dividend, i.e. NOK 11.75 per share, in the second quarter this year. TRG has
also expressed willingness to reinvest its proportion of such a dividend in an
equity or subordinated instrument issued by Aker ASA. Other shareholders will
also be invited to reinvest proportionally in the same instrument (structure and
terms to be defined). If the market situation and outlook have stabilized, a
similar dividend should be considered by the board in the fourth quarter this
year.

"Aker has managed through turbulent times before. A lesson learned is the
importance of a strong balance sheet and liquidity position. That's vital both
for weathering the storm, and for turning it into opportunities. The value of a
main shareholder with a long-term commitment to the success of Aker ASA is once
again demonstrated by the proposal from TRG to reinvest a dividend received in
an equity, or subordinated instrument. Other shareholders, often trading the
Aker share more frequently, will receive cash and thereafter be invited to
reinvest together with other investors in the same instrument. The generous
proposal from TRG enables Aker ASA to combine further strengthening its
financial robustness and flexibility with maintaining a shareholder-friendly
dividend policy," says Øyvind Eriksen, President and CEO in Aker ASA.

ENDS

For further information, please contact:

Investors:
Torbjørn Kjus, Chief Economist & Head of Investor Relations
Phone: +47 94 14 77 30

Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 90 78 48 78



This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.