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2016-05-13

Kværner ASA: Acquisition of own shares

13 May 2016 - Kværner ASA has yesterday in connection with the company's
incentive programme for employees purchased 242 000 own shares in the open
market at an average price of NOK 7.43 per share. Following the transaction,
Kværner ASA holds a total of 2 270 341 own shares.

For further information about the programme, please see Kvaerner's statement
of executive remuneration at:
www.kvaerner.com/toolsmenu/Investors/Corporate-governance-/Annual-Genera...

ENDS

For further information, please contact:

Investor Relations:

Ingrid Aarsnes, VP Investor Relations&Communications, Kvaerner, Tel: +47 67 59
50 46,
Mob: +47 950 38 364, 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 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 2015, the Kvaerner group had consolidated annual revenues of NOK 12 billion
and the company reported an order backlog at 31 March 2016 of NOK 12.1
billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo
Stock Exchange. For further information, please visitwww.kvaerner.com.

To subscribe or unsubscribe to our press releases, please see our web
page:www.kvaerner.com/en/toolsmenu/Media/Subscribe-to-releases/
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kværner ASA via Globenewswire

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