Eqva ASA

Capital/Financing Update • Mar 15, 2017

Havyard Group ASA - Summons to Bondholders' Meeting

Havyard Group ASA - Summons to Bondholders' Meeting

Havyard Group ASA : Summons to Bondholders' Meeting

Fosnavåg, 15.03.2017

Havyard Group ASA («HYARD» or the "Company") summons today

for a Bondholders' Meeting for its Bond Loan HYARD01 PRO to

request amendments of the terms of the Bond Agreement.

The Company has through discussions with a number of

Bondholders received support for the proposed changes to the

Bond Agreement from more than 2/3 of its outstanding Bonds.

The Company propose to make a one-time cash redemption of

NOK 31.4m and implement a revised amortization schedule of

NOK 2.5m per quarter against an extension of the term of the

Bonds to Q2'2020. In addition and as compensation to the

Bondholders for resolving the amendments, the interest rate

of the Bond Loan is proposed to be increased by 1.25 % to

NIBOR 3 Month + 8.25%.

Please see the enclosed summons for further details. The

Bondholders's Meeting will be held on 30 March 2017.

The Company has engaged Fearnley Securities AS as financial

advisor in connection with the proposal.

Contacts;

Havyard Group ASA:

Pål Aurvåg CFO

Tel: +47 950 05 004

E-mail: pal.aurvag@havyard.com

Fearnley Securities AS:

Per Lauvvang

Tel: +47 951 110 51

E-mail: p.lauvvang@fearnleys.no

This information is subject of the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act