Eqva ASA

Delivery time for hull no. 126

On 2 December 2015 Havyard Ship Technology AS

("Havyard") announced that an agreement was made with

the buyer of hull no. 126, a Havyard 833 WE platform

supply vessel, for postponement of the delivery time

of the vessel from March 2016 to June 2017.

The buyer has worked on several projects for long-term

charter of the vessel, which is a prerequisite for

obtaining long-term financing in today's market. The

buyer has not yet succeeded to obtain such long-term

charter / financing, and the parties have therefore

agreed that the buyer shall pay an additional pre-

delivery installment as a condition for a postponement

of the delivery time of the vessel until April 2019.

The payment is due early in January 2017.

A postponement of the delivery time until 2019 will

lead to a lower capacity utilization at Havyards yard

in 2016/2017, as well as postponement of the project

result.

For further information, please contact:

CEO, Havyard Group ASA

Geir Johan Bakke

Mobile: (+47) 481 80 011

This information is subject to disclosure under the

Securities Act § 5-12.

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