Kværner ASA: Minutes of Kværner ASA's Annual General Meeting 2012

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12 April 2012 - The Ordinary Annual General Meeting of Kværner ASA was held on Thursday, 12 April 2012 at Fornebu, Norway.

All proposals on the agenda were adopted, cf. the notice of the Annual General Meeting that was published to the Oslo Børs on 21 March 2012.

The Annual General Meeting approved the Board of Directors' proposal to distribute a dividend of NOK 1.00 per share for 2011. The dividend will be paid on or about 24 April 2012 to shareholders of record as of the date of the Annual General Meeting. The shares will be traded ex-dividend on the Oslo Børs from and including 13 April 2012.

The complete minutes of the Annual General Meeting are attached to this release and also available on www.kvaerner.com.

 

For further information, please contact:

Investor relations: Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364

Media: Mariken Holter, SVP Communications, Kvaerner, Tel: +47 67 52 74 35, Mob: +47 917 87 358

About Kvaerner:
With more than 3 200 HSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.

In 2011, the Kvaerner group had aggregated annual revenues of more than NOK 13 billion and the company had an order backlog at 31 December 2011 of more than NOK 10 billion. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit www.kvaerner.com.
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.