Minutes of Kværner ASA's Annual General Meeting 2013

10 April 2013 - The Annual General Meeting of Kværner ASA was held on Wednesday, 10 April 2013 at Drammensveien 260, Oslo, Norway.

All proposals on the agenda were adopted, cf. the notice of the Annual General Meeting that was published to the Oslo Børs on 19 March 2013.

The Annual General Meeting approved the Board of Directors' proposal to distribute a semi-annual dividend of NOK 0.55 per share for 2012. The dividend will be paid on or about 24 April 2013 to shareholders of record as of the date of the Annual General Meeting. The shares will be traded ex-dividend on the Oslo Børs from and including 11 April 2013.

The complete minutes of the Annual General Meeting are attached to this release and also available on www.kvaerner.com.

ENDS

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 3 000 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 2012, the Kvaerner group had consolidated annual revenues of close to NOK 11 billion and the company had an order backlog at 31 December 2012 of more than NOK 21 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.