Kværner AS: Annual report 2015 and Corporate Social Responsibility report 2015

18 March 2016 - Kværner ASA's General Meeting will be held Tuesday 19 April 2016 at 13:30 CET. Please find attached Kvaerner's Annual Report 2015, Corporate Social Responsibility report 2015, Corporate governance statement and proposed Articles of Association. The documents are also available at the company's webpage www.kvaerner.com.

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

Media:
Torbjørn Andersen, Head of Communications, Kvaerner, Mob: +47 928 85 542

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 December 2015 of NOK 14.3 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.