Strong Growth and Strong Profit

Aker Kvaerner reports strong fourth quarter 2006 results with an EBITDA of NOK 905 million and NOK 3 170 for the full year. The EBITDA, excluding Pulping & Power, was NOK 786 million for the fourth quarter and NOK 2 872 million for the year, an increase of 31 percent and 58 percent respectively compared to last year. The general activity level remained high and Aker Kvaerner’s main markets developed positively throughout 2006.