Eqva ASA

Regulatory Filings • Oct 8, 2020

Covid-19 - further closure of the shipyard activities

Covid-19 - further closure of the shipyard activities

Reference is made to the stock exchange announcement of 2 October 2020, regarding a temporary halt in shipbuilding activities at the subsidiary New Havyard Ship Technology AS. This as a result of several proven cases of infection by Covid-19.

After the closure, the yard has worked closely with local health authorities to clarify the extent of the spreading of the virus, where 495 people have been tested. As of today, 75 people associated with the yard have been diagnosed with the infection.

In order to prevent further spreading of the virus and to gain control of the situation, Hyllestad municipality has today, pursuant to the Infection Control Act, decided to keep the yard business further closed until 19 October 2020. Such a decision may be extended until it is deemed safe to reopen the production.

For the vessels that are being outfitted at the yard, it is foreseeable that the extended closure will lead to further delay in deliveries. Any delay will depend on the extent of the shutdown and what measures that can be implemented to make up for the lost production time.

For further information, please contact:

Gunnar Larsen (CEO)

gunnar.larsen@havyard.com

+47 90 10 56 94

Updated information will be provided in line with the further developments.