Kværner ASA: Notice of Annual General Meeting of Kværner ASA

29 March 2017 - Attached is the notice of Annual General Meeting of Kværner ASA including notice of attendance/Proxy, the Nomination Committee's recommendations, the Board of Directors' proposed resolutions to the Annual General Meeting and the Board of Directors' statement of executive remuneration.

The General Meeting will be held Thursday 20 April 2017 at 12:00 CET at the premises of Kværner ASA at Fornebuporten, Oksenøyveien10, 1366 Oslo, Norway.

The notice of meeting and the following supporting documents are also available at www.kvaerner.com:

-    the Annual Report 2016
-    the Board of Directors' Corporate Governance Statement
-    the Corporate Social Responsibility Report 2016
-    the recommendation of the Nomination Committee
-    the Board of Directors' proposed resolutions for the Annual General Meeting 2017
-    the Board of Directors' statement of executive remuneration


For further information, please contact:

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

Torbjørn Andersen, Head of Communications, Kvaerner, Mob: +47 928 85 542, email: torbjorn.andersen@kvaerner.com

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. Kvaerner 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 2016, the Kvaerner group had consolidated annual revenues of close to NOK 8 billion and the company reported an order backlog at 31 December 2016 of NOK 6.5 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

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