LONDON, March 7 -- The following was today issued by Kvaerner
a.s.:

Subject to the approval of Trafalgar House shareholders of Kvaerner's Offer
for the company, Kvaerner intends to review a range of options regarding the
development of Cunard. Such options do not preclude Cunard remaining a part
of Kvaerner a.s.

Kvaerner recognizes the significant heritage and goodwill associated with
Cunard. Its actions will therefore be guided by the need to protect the
considerable value this represents.

Kvaerner supports the actions being taken by Cunard's new management team,
under Peter Ward's leadership, to return the business to profitability and to
build on Cunard's leading position in the luxury cruise market.