Kværner ASA : Notice of Extraordinary General Meeting of Kværner ASA

13 September 2012 - Attached is the notice of Extraordinary General Meeting of Kværner ASA including notice of attendance/Proxy. The Extraordinary General Meeting will be held on Tuesday 9 October at 09:00 CET at the premises of Kværner ASA at Snarøyveien 30 - Entrance E, Fornebu, Norway. A hard copy version of the notice will be posted to the shareholders today.

The notice of meeting and supporting documents including the Articles of Association, are available at www.kvaerner.com.

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For further information, please contact:

Investor relations: Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

Media: Mariken Holter, SVP Communications, Kvaerner, Tel: +47 67 52 74 35, Mob: +47 917 87 358

About Kvaerner: With more than 3 200 HSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.

In 2011, the Kvaerner group had aggregated annual revenues of more than NOK 13 billion and the company had an order backlog at 30 June 2012 of more than NOK 23 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit www.kvaerner.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Notice of Extraordinary General Meeting