Sanjay Deshmuk, Vice President-Purchasing of Aker Philadelphia Shipyard, Inc., the operational (wholly-owned) subsidiary of the Norwegian listed company Aker Philadelphia Shipyard ASA ("AKPS"), has sold 1000 shares in AKPS. The sale occurred on 26 September 2012. The shares were sold at a price of NOK 15.00 per share. After the sale, Mr. Deshmuk's total shareholdings in AKPS are 1000 shares.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.