Annual General Meeting 10 April 2013

Minutes of Annual General Meeting of Kværner ASA.

Minutes of Annual General Meeting of Kværner ASA.

The 2013 Annual General Meeting was held on 10 April at Drammensveien 260, (the Hydro building) by the premises of Kværner ASA.

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

2.Appointment of a 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 2012 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 semi-annual dividend of NOK 0.55 per share is paid.

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

The Board of Directors’ declaration is included as Note 9 to the group consolidated accounts on page 39 in the Annual Report 2012.

6.Election of members to the Board of Directors.

7.Election of members to the Nomination Committee.

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

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

10.Approval of remuneration to the auditor for 2012.

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

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