Notice of Annual General Meeting of Kværner ASA

18 March 2016 - Attached is the notice of Annual General Meeting of Kværner ASA including notice of attendance/Proxy, the Nomination Committee's recommendations, the Board of Directors' proposed resolutions to the Annual General Meeting and the Board of Directors' statement of executive remuneration.

The General Meeting will be held Tuesday 19 April 2016 at 13:30 CET at the premises of Kværner ASA at Fornebuporten, Oksenøyveien10, 1366 Oslo, Norway.

The notice of meeting and supporting documents including proposed amended Articles of Association, Annual Report 2015, Corporate governance statement and Corporate Social Responsibility Report 2015 are available at www.kvaerner.com.

ENDS

For further information, please contact:

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

Media:
Torbjørn Andersen, Head of 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 2 800 HSSE-focused and experienced employees are recognized for delivering some of the world's most amazing and demanding projects.

In 2015, the Kvaerner group had consolidated annual revenues of NOK 12 billion and the company reported an order backlog at 31 December 2015 of NOK 14.3 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.