Mandatory notification of trade primary insiders

15 August 2019 – The following primary insider has purchased shares in Kværner ASA:

Karl-Petter Løken, President & CEO in Kværner AS has yesterday Wednesday 14 August 2019 purchased 40 000 shares in Kværner ASA at a price of NOK 10.82. Following the transaction, Karl-Petter Løken holds 45 570 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 2 800 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 30 June 2019 of NOK 9 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.

To subscribe or unsubscribe to our press releases, please see our web page: http://www.kvaerner.com/subscribe