Kvaerner - Kværner ASA: Mandatory notification of trade primary insiders

Kværner ASA: Mandatory notification of trade primary insiders

22 May 2018 - Shares awarded to employees under the variable pay programme 2015. Kværner ASA has awarded 1 456 401 shares to employees at a price of NOK 8.09 per share under the variable pay programme 2015. The share price was calculated 2 May 2016 as set out in the Statement of executive remuneration approved by the Annual General Meeting 2016. Please see attachment for details of about the number of shares awarded to primary insiders. After the share allocation, Kværner ASA holds 1 124 022 own shares.

ENDS

For further information, please contact:
Ingrid Aarsnes, VP Communications & IR, Kvaerner, Mob: +47 950 38 364, email: ir@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 2 600 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.

In 2017, Kvaerner's Field Development segment had consolidated annual revenues of NOK 7.6 billion and the company reported an order backlog at 31 March 2018 of NOK 11.1 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

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