Eqva ASA — Earnings Release 2016

Feb 28, 2017

HAVYARD GROUP ASA - 2016 Q4 results

HAVYARD GROUP ASA - 2016 Q4 results

- EBIT of NOK 25.1 million and EBIT-margin of 4.7 % in fourth

quarter of 2016. EBIT of NOK 112.0 million in 2016 with an

EBIT-margin of 5.6%.

- Good project execution in 2016 with good results.

- Impairment of financial assets related to ship investments

With NOK 40 millions in fourth quarter 2016, and large

deficits in shipowning associates with NOK 51 millions in

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 Act