Eqva ASA — Earnings Release 2016

Aug 29, 2016

HAVYARD GROUP ASA - 2016 Q2 results

HAVYARD GROUP ASA - 2016 Q2 results

HAVYARD GROUP ASA - Good operational performance, but

challenging market

EBIT of NOK 29.5 million and EBIT-margin of 5.4 % in

second quarter of 2016. EBIT of NOK 48.1 million in

first half of 2016 with an EBIT-margin of 4.8%

Progress on projects in work is on schedule and

execution are expected to be satisfying, with good

results.

Main concern is reduced order book and activity from

second part of 2017, especially related to Havyard

Ship Technology (shipyard).

New contract

Havyard Design & Solutions AS has signed a supply

agreement for delivery of design and equipment for

construction of a Havyard 832 multi-purpose vessel.

The vessel shall be built at Cemre shipyard in Turkey,

and the contract value is in excess of NOK 100 million.

Change in bond loan

The groups bond loan ("Havyard Group ASA 14/17 FRN")

was in bond holders meeting 30 June 2016 agreed to be

extended with 18 months, until December 2018. Parts of

the bond loan is agreed to be converted into shares.

Please see enclosed report and presentation.

For further information, please contact:

Geir Johan Bakke, CEO +47 48 18 00 11

Pål Aurvåg, CFO +47 95 00 50 04

This information is subject of the disclosure

requirements pursuant to section 5-12 of the Norwegian

Securities Trading