333-11276 ================================================================================ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 POST-EFFECTIVE AMENDMENT NO. 1 TO FORM F-6 REGISTRATION STATEMENT Under THE SECURITIES ACT OF 1933 For American Depositary Shares Evidenced by American Depositary Receipts Aker Kvaerner ASA (Exact name of issuer of deposited securities as specified in its charter) n/a (Translation of issuer's name into English) The Kingdom of Norway (Jurisdiction of Incorporation or organization of Issuer) ------------------------------ JPMORGAN CHASE BANK (Exact name of depositary as specified in its charter) 4 New York Plaza, New York, New York 10004 Tel. No.: (212) 623-0636 (Address, including zip code, and telephone number of depositary's principal offices) ------------------------------ Nick P. Horoszko Aker Kvaerner ASA Group Treasury 455 Racetrack Road Washington, PA 15301 (724) 225-6690 (Address, including zip code, and telephone number of agent for service) With copies to: Scott A. Ziegler, Esq. Ziegler, Ziegler & Associates LLP 570 Lexington Avenue, 44th Floor New York, New York 10022 It is proposed that this filing become effective under Rule 466 [X] immediately upon filing _ on [date] at [time] If a separate registration statement has been filed to register the deposited shares, check the following box. _ CALCULATION OF REGISTRATION FEE =========================================================================================================================== Proposed Maximum Proposed Maximum Offering Aggregate Title of Each Class of Amount Price Per Unit Offering Amount of Securities to be Registered to be Registered (1) Price (2) Registration Fee - --------------------------------------------------------------------------------------------------------------------------- American Depositary Shares evidenced by American Depositary Receipts, each American Depositary Share representing one-fortieth of one ordinary share of Aker Kvaerner ASA n/a n/a n/a n/a =========================================================================================================================== (1)Each unit represents 100 American Depositary Shares. (2)Estimated solely for the purpose of calculating the registration fee. Pursuant to Rule 457(k), such estimate is computed on the basis of the maximum aggregate fees or charges to be imposed in connection with the issuance of such Receipts evidencing such American Depositary Shares. This Registration Statement may be executed in any number of counterparts, each of which shall be deemed an original, and all of such counterparts together shall constitute one and the same instrument. The Prospectus consists of the form of American Depositary Receipt ("ADR") included as Exhibit A to the form of Amendment No. 1 to Deposit Agreement filed as Exhibit (a)(2) to this Registration Statement, which is incorporated herein by reference. 2 PART I INFORMATION REQUIRED IN PROSPECTUS Item 1. DESCRIPTION OF SECURITIES TO BE REGISTERED CROSS REFERENCE SHEET Location in Form of Item Number ADR Filed Herewith and Caption as Prospectus ----------- ------------- 1. Name of depositary and Face, introductory paragraph and final address of its principal sentence on face. executive office 2. Title of ADR and identity Face, top center and introductory of deposited securities paragraph Terms of Deposit (i) The amount of deposited Face, upper right corner and introductory securities represented by paragraph one unit of ADRs (ii) The procedure for voting, Reverse, paragraph (12) if any, the deposited securities (iii) The collection and Face, paragraphs (4), (5) and (7); distribution of dividends Reverse, paragraph (10) (iv) The transmission of Face, paragraphs (3) and (8); Reverse notices, reports and paragraph (12) proxy soliciting material (v) The sale or exercise of Face, paragraphs (4) and (5); rights Reverse, paragraph (10) (vi) The deposit or sale of Face, paragraphs (4) and (5); Reverse, securities resulting from paragraphs (10) and (13) dividends, splits or plans of reorganization (vii) Amendment, extension or Reverse, paragraphs (16) and (17) termination of the deposit (no provision for extension) agreement I-3 Location in Form of Item Number ADR Filed Herewith and Caption as Prospectus ----------- ------------- (viii) Rights of holders of ADRs Face, paragraph (3) to inspect the transfer books of the Depositary and the lists of holders of ADRs (ix) Restrictions upon the right Face, paragraphs (1), (2), to deposit or withdraw the (4) and (5) underlying securities (x) Limitation upon the liability Reverse, paragraph (14) of the Depositary and/or the Company 3. Description of all fees and Face, paragraph (7) charges which may be imposed directly or indirectly against the holders of ADRs Item 2. AVAILABLE INFORMATION Location in Form of Item Number ADR Filed and Caption Herewith as Prospectus ----------- ---------------------- 2(a) Statement that the foreign issuer furnishes Face, paragraph (8) reports under Rule 12g3-2(b) under the Securities Exchange Act of 1934 I-4 PART II INFORMATION NOT REQUIRED IN PROSPECTUS Item 3. EXHIBITS (a)(1) Amended and Restated Deposit Agreement dated as of January 21, 2000 among Aker Kvaerner ASA (fka Kvaerner ASA), JPMorgan Chase Bank (fka Morgan Guaranty Trust Company of New York), as depositary (the "Depositary"), and all holders from time to time of ADRs issued thereunder (the "Deposit Agreement").* (a)(2) Form of Amendment No. 1 to Deposit Agreement. (b) Any other agreement, to which the Depositary is a party, relating to the issuance of the Depositary Shares registered hereby or custody of the deposited securities represented thereby. - None. (c) Any material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years. - None. (d) Opinion of counsel to the Depositary, as to the legality of the securities to be registered.* (e) Certification under Rule 466. *Previously filed Item 4. UNDERTAKINGS (a) The Depositary hereby undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of the ADRs, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities; and (2) made generally available to the holders of the underlying securities by the issuer. (b) If the amounts of fees charged are not disclosed in the prospectus, the Depositary undertakes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request. The Depositary undertakes to notify each registered holder of an ADR thirty days before any change in the fee schedule. II-1 SIGNATURE Pursuant to the requirements of the Securities Act of 1933, as amended, JPMorgan Chase Bank, on behalf of the legal entity created by the Deposit Agreement, certifies that it has reasonable grounds to believe that all of the requirements for filing on Form F-6 are met and has duly caused this Post-Effective Amendment to Registration Statement on Form F-6 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on December 15, 2003. Legal entity created by the form of Deposit Agreement for the issuance of ADRs evidencing American Depositary Shares By: JPMorgan Chase Bank, in its capacity as Depositary By: /s/Joseph M. Leinhauser ------------------------------ Name: Joseph M. Leinhauser Title: Vice President II-2 SIGNATURES Pursuant to the requirements of the Securities Act of 1933, Aker Kvaerner ASA certifies that it has reasonable grounds to believe that all the requirements for filing on Form F-6 are met and has duly caused this Post-Effective Amendment to Registration Statement on Form F-6 to be signed on its behalf by the undersigned, thereunto duly authorized on December 15, 2003. Aker Kvaerner ASA By: /s/Mr. Helge Lund ----------------------------- Name: Mr. Helge Lund Title: Group President and Chief Executive Officer II-3 Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to Registration Statement on Form F-6 has been signed by the following persons in the capacities indicated on December 15, 2003. Name Title - ---- ----- /s/Helge Lund Group President and - --------------------------------- Chief Executive Officer Helge Lund /s/Trond Westlie Chief Financial Officer - --------------------------------- Trond Westlie /s/Kjell Inge Rokke Director - --------------------------------- Kjell Inge Rokke /s/Reidar Lund Director - --------------------------------- Reidar Lund /s/ Yngve Hagensen Director - --------------------------------- Yngve Hagensen II-4 /s/Bjorn Flatgard Director - --------------------------------- Bjorn Flatgard /s/ Lone Fonss Schroder Director - --------------------------------- Lone Fonss Schroder /s/Leif-Arne Langoy Director - --------------------------------- Leif-Arne Langoy /s/Eldar Myhre Director - --------------------------------- Eldar Myhre /s/Bernt Harald Kilnes Director - --------------------------------- Bernt Harald Kilnes /s/Atle Tranoy Director - --------------------------------- Atle Tranoy /s/Nick Horoszko Authorized Representative - --------------------------------- in the United States Nick Horoszko II-5 INDEX TO EXHIBITS Exhibit Sequentially Number Numbered Page ------ ------------- (a)(2) Form of Amendment to Deposit Agreement. (e) Rule 466 Certification II-6