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MINUTES FROM THE ANNUAL GENERAL MEETING
On 22 March 2006 at 12.00 am the annual general meeting in Aker Yards ASA was held at
Ingeniørenes Hus, Oslo.
Opening of the annual general meeting and recording of shareholders represented at
Chairman of the board, Leif-Arne Langøy, opened and chaired the meeting in accordance
with the Public Limited Liability Companies Act § 5-12 (1) and § 9 in the companies Articles
The company’s auditor Jan Egil Haga of Ernst & Young and DnB NOR Verdipapirservice
was also present and it was reported that the auditor would be able to assist in controlling the
outcome of any voting over the items on the agenda. It was further reported that
representatives from the press were present, without any objections being made by the
The record regarding attendance from the shareholders showed that 12,450,946 of a total of
20,602,164 shares were present. Thus 60.44% of the company’s share capital was represented
at the general meeting. A complete list of the shareholders present is enclosed hereto as
Election of person to co-sign the minutes along with chairman of the meeting
Leif Holmelid was elected to co-sign the minutes together with chairman of the meeting.
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Approval of meeting notice and agenda for the general meeting
It was reported that the notice and its appendices had been distributed to all shareholders with
known residence and that the notice was completed in accordance with the Articles of
Association and the Public Limited Liability Companies Act.
There were no objections to the notice and the general meeting was declared opened.
Presentation of the business activities
CEO Karl Erik Kjelstad and CFO Leif Borge gave a presentation of the business activities,
the important occurrences in the group in 2005 and the main figures from the annual accounts
Following the pres