Approval and Publication of Prospectus Supplement
Kvaerner is publishing a supplement to its prospectus issued on 15 June 2011 containing supplemental information related to the ruling in the Blind Faith dispute as previously disclosed through stock exchange announcement. The Norwegian Financial Supervisory Authority (Nw. Finanstilsynet) has informed Kvaerner that the prospectus supplement dated 21 June 2011 has been approved. The prospectus, together with the prospectus supplement, will be available at the following internet pages: www.kvaerner.com; www.dnbnor.no; www.nordea.no and www.sebenskilda.no. Hard copies of the prospectus,