Havila Shipping ASA

M&A Activity • Jul 24, 2018

Havila Shipping ASA: Contract with Reach Subsea for the subsea vessel Havila Harmony

Havila Shipping ASA: Contract with Reach Subsea for the subsea vessel Havila Harmony

Havila Shipping and Reach Subsea will enter into a contract for the subsea

vessel Havila Harmony for a period of three years with two optional years.

The contract secures work for minimum period per year and the owner and

charterer will market the vessel to secure highest possible utilization.

Havila Harmony is on her way to Las Palmas, Gran Canaria, where she will be

docked for planned maintenance and will then continue to the first job.

Contacts:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 98 706

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.