Kværner ASA: Annual report 2014 and Corporate Social Responsibility Report 2014

18 March 2015 - Kværner ASA's Annual Report 2014, Corporate governance statement and Corporate Social Responsibility Report 2014 are attached. Thedocuments are also available at the company's webpage www.kvaerner.com.

ENDS

For further information, please contact:

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

Media: Torbjørn Andersen, VP Communications, Kvaerner, Mob: +47 928 85 542

About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 3 000 HSSE-focused and experienced employees are recognized for delivering some of the world's most amazing and demanding projects.

In 2014, the Kvaerner group had consolidated annual revenues of close to NOK 14 billion and the company reported an order backlog at 31 December of NOK 16.5 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

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