Mr. Juha Heikinheimo (50) has today been appointed as President of Aker Yards' business area Cruise & Ferries and President of Aker Yards Oy in Finland. He will also be a part of the executive management team in Aker Yards. He will be based in Helsinki. Heikinheimo takes over from and reports to Mr. Yrjö Julin, who was earlier this week appointed President and CEO of Aker Yards ASA.

"I am pleased to take on this new position in a familiar business area" says Juha Heikinheimo. "Today's cruise ship business is not just about building vessels, but together with the customer creating possibilities for cruise experiences".

Aker Yards, Cruise & Ferries' orderbook today includes contracts worth approximately 7.4 billion euro. "Juha Heikinheimo has crucially contributed to the signing of those contracts, and I believe he will successfully contribute also to the building of the vessels, supported by our experienced personnel", says Yrjö Julin.

The Deputy President for the Cruise & Ferries business area is Mr. Bo-Erik Blomqvist, who reports to Mr. Heikinheimo and is based in Saint Nazaire, France.

Juha Heikinheimo is President of Aker Yards, Cruise & Ferries and President of Aker Yards Oy as from today, 13 June, 2007.