Employee share purchase programme 2015

Attachments/downloads

As announced on 29 September 2015, Kvaerner offered employees employed by a Norwegian Kvaerner entity the opportunity to buy shares in the company.

The subscription period was from 28 October 2015 to and including 16 November 2015. The shares will be allocated to employees 30 November 2015.

Please see attachment for an overview of the primary insiders whom have subscribed for shares in Kvaerner as per end of the subscription period.

The purchase price and the number of shares acquired by the primary insiders, as well as their updated shareholdings, will be notified the Oslo Stock Exchange following the determination of the purchase price and allocation of shares.

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 2 900 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 30 September 2015 of NOK 16.2 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

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