Eqva ASA

Earnings Release • Jul 9, 2018

Press release

Date: 09 July 2018 Contact: Gisle Vinjevoll Thrane No of pages (incl. this one): 2

Havyard wins contract in new segment

Havyard Design & Solutions will be delivering the design for two new cargo vessels for Royal Arctic Line A/S. The vessels will be carrying temperature-regulated containers and general cargo and will be an important part of the infrastructure in Greenland. The contract marks the start of a new and exciting segment for Havyard Design & Solutions.

Royal Arctic Line A/S handles all sea freight to and from the 13 biggest ports in Greenland. The Greenland government has awarded Royal Arctic Line an exclusive licence for all sea freight to Greenland, which secures supplies for the whole country. The licence also entails multiple obligations as regards frequency, capacity and supplies for all towns on the west and east coast. The two vessels will operate in northwest Greenland, which makes stringent requirements of the vessels' design, as they will operate in a rough climate, sail in and out of shallow ports, meet ice class requirements and comply with the Polar Code. Havyard 974 was developed in close collaboration with the shipping company in order to meet these requirements.

'Our collaboration with Royal Arctic Line A/S has been very fruitful, and there's a good chance that Havyard will get more opportunities in this segment,' says Senior Vice President Sales Gisle Vinjevoll Thrane.

The vessels will be built at Zamakona Yards in Spain and are scheduled for delivery in 2020. They will take over from the vessels Pajuttaat and Vestlandia, which were built in 1979 and 1983, respectively.

This marks an important milestone for Royal Arctic Line's strategy to renew outdated vessels. 'The capacity of the new vessels will be much greater than the old ones,' says Head of Fleet Management Anders Bay Larsen.

Facts

The cargo vessel has four cargo holds, all with different temperature zones, from refrigeration at -27°C to cooling at +4°C, in addition to standard compartments.

Facts about the vessel:

• Length: 67
• Total cargo capacity: 60 containers or 5,00 pallets

One photos attached for free use. Photo: Illustration BowVision

Facts about Havyard Group

Havyard Group ASA is a maritime technology company that delivers products and services in the areas of seafood, energy and transport.

Havyard Group ASA is listed on Oslo Børs, Ticker HYARD. Its head office is in Fosnavåg, and the Group has 602 employees. It currently has an order book of NOK 3 558 million.

The Group is divided into four business areas:

• Shipbuilding Technology, based in Leirvik in Sogn with branches in Fosnavåg and Turkey, has 171 employees.
• Ship Design & Solutions, based in Fosnavåg with branches in Poland, Rijeka and Shanghai, has 75 employees.
• Power & Control, based in Bergen with branches in Ålesund and Egersund, has 56 employees.
• Production & Services, based in Gdansk, Poland, with branches in Norway, and France, has 162 employees.
• Fish Handling, based in Fosnavåg with branches in Vigra, Sjøholt and Haugesund, has 143 employees.

To learn more about us, visit: www.havyard.com

For ytterligere opplysninger vennligst kontakt:

Navn: Gisle Vinjevoll Thrane Mobil: +47 481 52 925