Havila Shipping ASA

Capital/Financing Update • Oct 16, 2014

Havila Shipping ASA : Petrobras has declared 4 years option for the PSV vessel Havila Favour

Havila Shipping ASA : Petrobras has declared 4 years option for the PSV vessel Havila Favour

Petrobras has declared four years option for the 1999 built PSV vessel Havila

Favour.

Havila Favour will end existing contract within end of November and is expected

to start working on the optional period in direct continuation of the existing.

The optional contract will keep the vessel working for Petrobras until December

The terms is equal to existing contract.

Contacts

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

[HUG#1863367]