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2016-01-19

Havila Shipping ASA : Withdrawal of summons to bondholders' meetings

Reference is made to the press release dated 5 January 2016 and summons to
bondholders' meetings in the following bond issues:

* Havila Shipping ASA 11/17 8,60% C - ISIN NO0010605025 (HAVI06),
* Havila Shipping ASA 11/17 FRN C - ISIN NO0010605033 (HAVI07),
* Havila Shipping ASA 10/16 FRN C - ISIN NO0010590441 (HAVI04) and
* Havila Shipping ASA 12/16 FRN - ISIN NO0010657174 (HAVI08 PRO) (the "Bond
Issues").

Based on uncertainty regarding sufficient support for the proposal in one or
more of the bondholders' meetings, the Company has notified the Trustee that
it withdraws the summons for all Bond Issues. The Company still aims to reach
an agreement with its bondholders within the previously announced deadline of
31 January 2016.

For further information, please contact:

Njål Sævik, CEO Tel: +47 909 35 722
Arne Johan Dale, CFO
Tel: +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

HUG#1979936

Författare WKR

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