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2016-11-23

Havila Shipping ASA: BONDHOLDERS' MEETING 23 NOVEMBER 2016

Reference is made to the stock exchange notice dated 9 November 2016, and
summons to bondholders' meetings and term sheet appurtenant thereto of even
date.

The restructuring proposal as set out in the summons dated 9 November 2016 did
not obtain the required support in the Havi 08 bondholders' meeting as of
today.

The Issuer continues maintaining a close dialogue with the banks and the
secured and unsecured bondholders, with the intention to be able to submit a
revised proposal within short.

The Issuer continues its business, including continuous and safe operation of
the vessels towards all customers - including payment of trade creditors.

Contact persons for further information are:

CEO Njål Sævik, +47 909 35 722
njaal@havila.no

CFO Arne Johan Dale, +47 909 87 706
ajd@havila.no

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

BondholdersMeetings231116
http://hugin.info/138738/R/2058855/771644.pdf

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Havila Shipping ASA via Globenewswire

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