Kværner ASA: Minutes of Kværner ASA's Annual General Meeting 2019

28 March 2019 - The ordinary Annual General Meeting of Kværner ASA was held on Thursday, 28 March 2019 at Oksenøyveien 10, 1366 Lysaker, Norway.

All proposals on the agenda were adopted; cf. the notice of the Annual General Meeting that was published at Oslo Børs on 6 March 2019. Minutes for Annual General Meeting 2019 is attached to this release and are published on www.kvaerner.com.

ENDS

For further information, please contact:

Investor Relations:

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

Media:

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 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 7.2 billion and the company reported an order backlog at 31 December 2018 of NOK 10.6 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.

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