Kværner ASA: Minutes of Kværner ASA's Annual General Meeting 2014

Minutes of Kværner ASA's Annual General Meeting 2014

10 April 2014 - The Ordinary Annual General Meeting of Kværner ASA was held on Thursday, 10 April 2014 at Drammensveien 264, Oslo, Norway.

All proposals on the agenda were adopted; cf. the notice of the Annual General Meeting that was published to the Oslo Børs on 19 March 2014.

The Annual General Meeting approved the Board of Directors' proposal to distribute a semi-annual dividend of NOK 0.61 per share for 2014. The dividend will be paid on or about 25 April 2014 to shareholders of record as of the date of the Annual General Meeting. The shares will be traded ex-dividend on the Oslo Børs from and including 11 April 2014.

The complete minutes of the Annual 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 & Communications, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

Torbjørn Andersen, VP Communications, Kvaerner, Tel: +47 67 51 31 44, 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 2013, the Kvaerner group reported consolidated annual revenues of close to NOK 13 billion and the company reported an order backlog at 31 December of almost NOK 23 billion. 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.

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