Kværner ASA: Mandatory notification of trade - allocation of own shares

26 June 2018 - Kværner ASA has awarded 31 614 shares at a price of NOK 16.52 per share under the variable pay programme for 2015.
After the share allocation, Kværner ASA holds 1 104 379 own shares.

ENDS

For further information, please contact:

Ingrid Aarsnes, VP Communications & IR, Kvaerner, Mob: +47 950 38 364, email: ir@kvaerner.com

About Kvaerner:

Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore 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 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.

In 2017, Kvaerner's Field Development segment had consolidated annual revenues of NOK 7.6 billion and the company reported an order backlog at 31 March 2018 of NOK 11.1 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.