18 May 2012 - Kværner ASA has on 16 May 2012, in connection with the company's
share purchase programmes for employees and managers, purchased 100 000 own
shares in the open market at an average price of NOK 13.7376 per share.
Following the transaction, Kværner ASA holds a total of 100 000 own shares.
ENDS
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 Corporate 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.
[HUG#1613199]
