Kværner ASA: Notification of trade primary insider

7 May 2019 - The following primary insider has purchased shares in Kværner ASA: Leif-Arne Langøy, Chairman of the Board in Kværner ASA has today Tuesday 7 May 2019 purchased 150 000 shares in Kværner ASA through is privately own company LAPAS AS at a price of NOK 12.9269. Following the transaction, Leif-Arne Langøy holds 194 827 shares in Kværner ASA through his company LAPAS AS.

ENDS

Investor Relations:Idar Eikrem, EVP & CFO, Kvaerner, Mob: +47 950 28 363, email: ir@kvaerner.com

Insider trading officer: Henrik Indaomi, SVP Corporate Support & General Counsel, Kvaerner, Mob.+47 450 34 104, email: henrik.inadomi@kvaerner.com

About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore installations 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 2 700 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.

In 2018, Kvaerner's Field Development segment had consolidated annual revenues of NOK 7.3 billion and the company reported an order backlog at 31 March 2019 of NOK 10.2 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange.

For further information, please visit www.kvaerner.com.