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2015-09-28

Havila Shipping ASA : Lay up of AHTS vessels

Havila Shipping ASA has decided to lay up the AHTS vessels Havila Mars and
Havila Neptune. The consequences will be to give notice to some employees and
reduced needs for hire of crew. The decision is made as a consequence of the
actual market conditions. The company does not expect that the market will
improve in short- or medium-term. The main challenge is the supply side, and
this measure will have a positive effect on this. The lay up will take place
as soon as cost savings can be achieved. The measure will have full effect in
the financial statements from Q1 2016.

Contacts:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

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

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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

HUG#1954628

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