Minutes of Kværner ASA's Extraordinary General Meeting 2013

10 October 2013 - The Extraordinary General Meeting of Kværner ASA was held on Thursday, 10 October 2013 at Drammensveien 264, Oslo, Norway.

All proposals on the agenda were adopted; cf. the notice of the Extraordinary General Meeting that was published to the Oslo Børs on 18 September 2013.

The Extraordinary General Meeting approved the Board of Directors' proposal to distribute a semi-annual dividend of NOK 0.58 per share. The dividend will be paid on or about 24 October 2013 to shareholders of record as of the date of the Extraordinary General Meeting. The shares will be traded ex-dividend on the Oslo Børs from and including 11 October 2013.

The complete minutes of the Extraordinary General Meeting are attached to this release and also available on www.kvaerner.com.


For further information, please contact:

Investor relations:
Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

Odd Naustdal, VP Communications, Kvaerner, Tel: +47 53 41 81 03, Mob: +47 905 76 079.

About Kvaerner:
With more than 3 000 HSSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.

In 2012, the Kvaerner group had consolidated annual revenues of close to NOK 11 billion and the company had an order backlog of almost NOK 30 billion on 30 June 2013. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit www.kvaerner.com.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.