Havila Shipping ASA

Share Issue/Capital Change • Jan 3, 2018

Havila Shipping ASA: Minutes of extraordinary general meeting - share consolidation completed

Havila Shipping ASA: Minutes of extraordinary general meeting - share consolidation completed

The extraordinary general meeting of the Company was held today on 3 January

2018 10:00 hrs CET. All matters for consideration were approved. The minutes

from the meeting are enclosed hereto.

At the general meeting it was resolved i,a. to consolidate the share capital of

the Company in the ratio 100:1 so that the number of issued shares was changed

from 1,890,762,200 shares, each with a par value of NOK 0.01, to 18,907,622

shares, each with a par value of NOK 1. The Company's share capital remained

unchanged at NOK 18,907,622.

As announced on 2 January 2018, today, 3 January 2018, is the last day of

trading of the Company's unconsolidated shares. Tomorrow, 4 January 2018, will

be the first day of trading of consolidated shares. The VPS record date will be

5 January 2018, and delivery of consolidated shares in VPS is expected to take

place on 8 January 2018.

Contact:

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.