Aker Solutions awarded contract at Codelco’s El Teniente mine in Chile

Aker Solutions has been awarded the contract for replacement of the anodic heat exchangers of the second gas cleaning plant at Codelco’s El Teniente mine in Chile. El Teniente is the world’s largest underground copper mine. Aker Solutions’ contract value is USD 1.9 million.

Aker Solutions’ operation in Chile will provide the engineering, procurement and construction services, whilst its Chemetics operation in Toronto, Canada will fabricate and provide the equipment required for the replacement of the anodic heat exchangers in the Caletones smelter at the El Teniente plant.

The project is scheduled to complete the construction phase in the third quarter of 2009.

“We are pleased to continue our long standing relationship with Codelco, El Teniente Division, having worked on a number of key projects with them in Chile over recent years,” says Dave Lawson, President of Metals, Aker Solutions.

Recent copper project experience includes: Spence and Tintaya (BHP Billiton) projects; El Tesoro (Antofagasta Minerals); together with the Colon Beneficiation Capacity Expansion - Phase II, Radomiro Tomic Expansion and Caletones Gas Cleaning Plant No. 2 (all for Codelco), among others.

The contract is with Aker Solutions Chile S.A.

Aker Solutions ASA, through its subsidiaries and affiliates (“Aker Solutions”), is a leading global provider of engineering and construction services, technology products and integrated solutions. Aker Solutions’ business serves several industries, including oil & gas, refining & chemicals, mining & metals and power generation. The Aker Solutions group is organised in a number of separate legal entities. Aker Solutions is used as the common brand/trademark for most of these entities.

Aker Solutions’ parent company is Aker Solutions ASA. Aker Solutions has aggregated annual revenues of approximately NOK 58 billion and employs approximately 23 000 people in about 30 countries.

Aker Solutions is part of Aker (www.akerasa.com), a group of premier companies with a focus on energy, maritime and marine resource industries. The Aker companies share a common set of values and a long tradition of industrial innovation. As an industrial owner controlling 40.27 percent of the shares in Aker Solutions through Aker Holding AS, Aker ASA takes an active role in the development of Aker Solutions.

This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.