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North Sea acquires shareholding in Kværner

Reference is made to the stock exchange notice on 10 November 2015 regarding a purchase order for up to 26,900,000 shares in Kværner ASA.

North Sea Strategic Investments AS, a company managed by HitecVision, has received acceptances for and will consummate the purchase of 26,900,000 shares in Kværner ASA at a price of NOK 8.00 per share. Settlement will take place on or about 13 November 2015. Combined with 2,909,187 shares already owned, the offeror's total shareholding in Kværner ASA will be 29,809,187 shares representing approximately 11.1 per cent of the issued shares in the company.