Kværner ASA: Mandatory notification of trade primary insider

7 May 2019 - The following primary insider has purchased shares in Kværner ASA:

Idar Eikrem, Executive vice president & CFO in Kværner AS has today Tuesday 7 May 2019 purchased 75 000 shares in Kværner ASA through is privately own company OMARA HODLING AS (org.no 914 384 133) at a price of NOK 13.12. Following the transaction, Idar Eikrem and his privately own company OMARA HOLDING AS holds together 83 881 shares in Kværner ASA.

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 theOslo Stock Exchange.

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