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2016-02-17

Havila Shipping ASA : Impairment as per 31.12.2015

The markets Havila Shipping operates its vessels in are very challenging.
Impact on vessel values are significant. Market values based on a willing
seller and willing buyer is uncertain. The considerations done by the company
must be seen in light of the mentioned uncertainty.
The BOD of Havila Shipping ASA has following impairment testing decided to
write down vessel values and accrued maintenance values totaling to NOK 1,388
million in the Q4 2015 accounts.

The company will publish preliminary forth quarter accounts/preliminary annual
accounts 2015 on 29 February.

Contacts:
CEO Njål Sævik, (+47) 909 35 722
CFO Arne Johan Dale (+47) 909 87 706

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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