Eqva ASA — Earnings Release 2017

Nov 23, 2017

HAVYARD GROUP ASA - 2017 Q3 results

HAVYARD GROUP ASA - 2017 Q3 results

HAVYARD GROUP ASA - 2017 Q3 results

- EBIT of MNOK -24.4(-7.7%)in third quarter of 2017.

- EBIT of MNOK -35.0(-3.6%) YTD 2017.

2017 will be, as previously announced, a year of low activity on the shipyard. The Group's operating profit so far in 2017 is slightly weaker than expected and the target of positive operating profit for the Group in 2017 will not be met. The main reason why the target is not reached is lower activity than expected in several of the segments.

Please see enclosed reports.

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 Act