Eqva ASA

Earnings Release • Jun 15, 2017

Havyard enters into letter of intent for the construction of a trawler

Havyard enters into letter of intent for the construction of a trawler

Havyard Ship Technology has signed a letter of intent with

the Canadian shipping company Baffin Fisheries, for the

design and construction of an artic stern trawler. The

vessel, a Havyard 554, is designed by Havyard Design &

Solutions in close cooperation with the customer, and is 17

meters wide and 74.5 meters long.

The parties intends to enter into an effective contract

within August 2017, with a scheduled delivery date for the

vessel in April 2019.

The group has worked strategically and targeted to get into

the trawler market, and the letter of intent shows that

Havyard is in the process of confirming its position in this

segment as well.

For further information, please contact:

Geir Johan Bakke

CEO

+47 481 80 011

This information is subject of the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.