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Monday 05 February, 2001

Kvaerner ASA

Finnish Tax Dispute

Kvaerner ASA
5 February 2001


Kvaerner's Finnish tax dispute
LONDON, 5 FEBRUARY 2001: Kvaerner, the Anglo-Norwegian engineering and
construction Group announced on 4 January that a satisfactory conclusion had
been reached in a tax administrative proceeding over an assessment with the
Finnish Tax Authorities.  The authorities have now launched an appeal against
the unanimous ruling of the local tax tribunal dealing with the matter.  
The appeal will be heard by a higher court in due course.   

For further information:

Paul Emberley, Vice President, Group Communications, Kvaerner PLC (UK): +44
(0)20 7339 1035 or +44 (0)7768 813090