Annual General Meeting 2015

Minutes of Annual General Meeting 2015

On Thursday 9 April 2015, the Annual General Meeting was held in Kværner ASA at the company’s premises, Drammensveien 264, 0283 Oslo

The following issues were considered and resolved:

1. Opening of the Annual General Meeting and approval of notice of meeting and agend

2. Appointment of at least one person to co-sign the minutes of meeting along with the   Chairman of the meeting

3. Information about the business (no voting) - download presentation

4. Approval of the 2014 annual accounts of Kværner ASA, the group’s consolidated accounts and the Board of Directors’ report, including distribution of dividend. The Board of Directors proposes that a dividend of NOK 0.67 per share is paid.

5. Advisory vote on the Board of Directors’ declaration regarding stipulation of salary and other remuneration to the executive management of the company

6. Binding vote regarding remuneration in shares to senior executives

7. Consideration of the Board of Directors' corporate governance statement (no voting)

8. Stipulation of remuneration to the members of the Board of Directors

9. Stipulation of remuneration to the members of the Nomination Committee

10. Election of members to the Board of Directors

11. Election of members to the Nomination Committee

12. Approval of remuneration to the auditor for 2014

13. Authorisation to the Board of Directors to purchase treasury shares in connection with acquisitions, mergers, de-mergers and other transfers of business

14. Authorisation to the Board of Directors to purchase treasury shares in connection with share programmes for employees

15 Authorisation to the Board of Directors to purchase treasury shares for the purpose of subsequent deletion of shares

16. Authorisation to the Board of Directors to approve distribution of dividends