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March 4, 2002

Kvaerner Masa gets new board
A new Board of Directors has been elected for Kvaerner Masa-Yards Inc. The Chairman is Leif-Arne Langøy (President and CEO, Aker Kvaerner Yards AS) and board members are: Jorma Eloranta (President and CEO, Kvaerner Masa-Yards Inc.), Karl Erik Kjelstad (Executive Vice President, Aker Kvaerner Yards AS), Oddvar Slettevold (Executive Vice President, Aker Kvaerner Yards AS) and Trond Ø. Westlie (Chief Financial Officer, Kvaerner ASA). Aarne Ukkola and Jorma Malinen continue on the board as representatives of the workforce.