Eqva ASA

Earnings Release • Feb 5, 2015

HAVYARD GROUP ASA - PROFIT GUIDANCE Q4 2014

HAVYARD GROUP ASA - PROFIT GUIDANCE Q4 2014

The Board of Directors of Havyard Group ASA and its

subsidiaries (The "Group") wishes to make reference

to the third quarter financial results presentation

for the period ended 30 September 2014, as published

on 21 November 2014. In this presentation the Group

highlighted the importance of control in projects

within the fishing and aquaculture markets as key

for the short term performance.

The Group has experienced severe cost overruns in

the fishing and aquaculture segments in the fourth

quarter of 2014. The main part of the overruns is

related to the construction of two prototype

vessels. The projects were calculated with a lower

than normal margin due to entering into new segments

and the recent cost overruns have therefore resulted

in a substantial loss for the Group. All known and

expected losses regarding these projects have been

taken into account as of the fourth quarter of 2014.

In addition, during the fourth quarter of 2014, the

Fish Handling division of Havyard MMC has

experienced cost overruns in a few larger projects

that are in their last phase. All known and expected

losses on these projects have been taken into

account as of the fourth quarter of 2014.

Within the offshore windmill service segment the

Group has also incurred cost overruns related to the

final outfitting phase that were not taken account

for in the third quarter financial presentation. All

known and expected losses regarding this project

have been taken into account as of the fourth

quarter of 2014.

As a result of the above, the Group expects a

negative EBIT result of NOK 15 million in the fourth

quarter of 2014, and has the following preliminary

and unaudited figures for 2014:

- Revenue: NOK 2 400 million

- EBITDA: NOK 65 million (2.7 %)

- EBIT: NOK 45 million (1.9 %)

For further information, please contact:

Geir Johan Bakke, CEO +47 48 18 00 11

Karl Eirik Hansen, CFO +47 40 24 71 13

BY ORDER OF THE BOARD

Geir Johan Bakke

Chief Executive Officer

05 February 2015

This information is subject to the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.