Havila Shipping ASA

Share Issue/Capital Change • Mar 31, 2017

Havila Shipping ASA: Listing of shares following repair issue

Havila Shipping ASA: Listing of shares following repair issue

Reference is made to Stock Exchange release on 22.03.2017 regarding Repair Issue

and Conversion of shareholder loan.

As per today, 31.03.2017, a total of 489,402,809 new share will be listed at

Oslo

Stock Exchange as a result of completion of the transactons.

The number of listed shares increases from 1,277,153,041 to 1,766,555,850

shares, each at par value of NOK 0.01.

Contacts:

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.