Corporate Governance

As a Company incorporated in Luxembourg, and quoted on both the NASDAQ and Oslo stock exchanges, Acergy is subject to a number of different laws and regulations with respect to Corporate Governance. Acergy is fully committed to achieving the highest Corporate Governance standards at all times. We believe that observance of those standards is in the best interests of all stakeholders. The term “Company” refers to Acergy and its subsidiaries.

The key Corporate Governance activity currently being undertaken by the Company concerns compliance with those provisions of the Sarbanes-Oxley Act of 2002, which are applicable to foreign issuers and enforced by the US Securities and Exchange Commission (SEC).

The company's management, using the criteria set forth by the Committee of Sponsoring Organisation of the Treadway Commission in Internal Control - Integrated Framework, believes that as of November 30, 2006 the company's internal control over financial reporting is effective.

Our auditors, Deloitte and Touche LLP, expressed an unqualified opinion of management assertion of the effectiveness of the Group's internal control over financial reporting and an unqualified opinion on the effectiveness of the Group's internal control over financial reporting.

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