Q2 2007 – Best quarter ever for Aker Kvaerner

2nd Quarter highlights: Strong financial performance EPS increased by 49% EBITDA increased by 47% Record high profit and order backlog in Subsea, P&T and P&C Strategic drilling equipment investment in Wirth GmbH Strong market continues Targeted EBITDA margin of 6.5% – 7% for end 2007 already achieved in Q2 2007