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Havila Shipping ASA

Capital/Financing Update Dec 13, 2016

3618_iss_2016-12-13_e5429e88-470c-4e36-8a17-28e1452fed0f.html

Capital/Financing Update

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Havila Shipping ASA: Restructuring plan approved by bondholders

Havila Shipping ASA: Restructuring plan approved by bondholders

Reference is made to the stock exchange announcement on 29 November 2016 with

the summons to bond holder meetings in HAVI04, HAVI06/07 and HAVI08.

The bondholders' meetings have now been held with sufficient quorum. The

proposed resolutions obtained following percentage of the votes

Havi 04:      91.57%

Havi 06/07: 99.47%

Havi 08:      96.03%

according to attached Notice from Nordic Trustee ASA.

The bondholders have thereby approved the plan for the financial restructuring

of the company as described in the stock exchange announcement on 9 November

Swedbank Norge and Fearnley Securities are the company's financial advisors in

connection with the restructuring. The company's legal advisor is Wikborg Rein.

The company's contact persons 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.

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