Havila Shipping ASA

AGM Information • Jan 4, 2017

Havila Shipping ASA: Extraordinary shareholders meeting held

Havila Shipping ASA: Extraordinary shareholders meeting held

An extraordinary meeting of the company's shareholders was held today on 4

January 2017. All matters for consideration were approved in accordance with the

summons.

The resolution to reduce the company's share capital will be announced

separately, and there will be a six weeks creditor notice period thereafter.

Completion of the remaining resolutions is conditional upon registration of the

capital reduction.

Provided that all conditions are lifted, completion of the restructuring is

expected to take place on 20 February 2017 with registration of the share

capital adjustments on 28 February 2017 at the latest.

Subsequent offering and subscription rights

The subsequent offering is planned to take place immediately after registration

of the above described share capital changes and is therefore expected to be

launched at the end of February 2017. The right to receive subscription rights

in the subsequent offering will be allocated to shareholders as per the date of

today's general meeting, 4 January 2017.

As announced on 14 December 2016, the company's shares will trade exclusive of

the right to receive subscription rights from and including tomorrow, 5 January

A copy of the minutes from the shareholders meeting is attached hereto.

Contact persons for further information are:

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.