Eqva ASA

Report Publication Announcement • Jul 1, 2014

Havyard Group ASA - Stabilisation and over-allotment notice

Havyard Group ASA - Stabilisation and over-allotment notice

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,

AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER

JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE

WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT

THE END OF THIS STOCK EXCHANGE NOTICE

Reference is made to stock exchange notice 25 June

2014, in which Havyard Group ASA ("Havyard" or

the "Company") announced the successful completion of

its initial public offering (the "Offering").

Fearnley Securities AS (the "Stabilisation Manager")

may, on behalf of the Managers for the Offering and

listing on the Oslo Stock Exchange of the Company's

shares (the "Shares"), engage in stabilisation

activities of the Shares from today 1 July 2014 to

and including 30 July 2014 (the "Stabilisation

Period").

The stabilisation transactions are aimed to support

the market price of the Shares. In connection with

the Offering, the Managers have been granted an over-

allotment option (the "Over-allotment Option") and

have over-allotted to the investors in the Offering

420,000 Shares, which equals 10 % of the number of

Shares sold in the Offering before over-allotments.

The over-allotted Shares have been borrowed from

certain of the existing shareholders (the "Lending

Shareholders") of the Company.

The Over-Allotment Option entitles the Managers, at

the request of the Stabilisation Manager, to purchase

from the Lending Shareholders up to 420,000 Shares at

the Offer Price (NOK 33.50). The Over-Allotment

Option may be exercised at any time and from time to

time, in whole or in part, during the Stabilisation

Period. The Stabilisation Manager may close out the

short position created by over-allotting Shares by

buying Shares in the open market through

stabilisation activities and/or by exercising the

Over-Allotment Option.

The Stabilisation Manager (or persons acting on

behalf of the Stabilisation Manager) may effect

transactions that stabilise or maintain the price of

the Shares at a level higher than that which might

otherwise prevail, by buying Shares or associated

instruments in the open market at prices equal to or

lower than (but not above) the Offer Price. However,

there is no obligation on the Stabilisation Manager

(or any person acting on behalf of the Stabilisation

Manager) to do so. Moreover, there is no assurance

that the Stabilisation Manager (or persons acting on

behalf of the Stabilisation Manager) will undertake

stabilisation activities. If stabilisation activities

are undertaken, they may be stopped at any time, and

must be brought to an end upon or before the expiry

of the Stabilisation Period.

Within one week after the end of the Stabilisation

Period, the Stabilisation Manager and the Company

will jointly publish a statement through the

information system of the Oslo Stock Exchange under

the Company's ticker HYARD with information as to

whether or not any stabilisation activities have been

undertaken, the total amount of shares purchased, the

dates on which stabilisation started and ended, the

price range within which stabilisation was

carried out on each date stabilization activities

have taken place as well as the highest, lowest and

average price paid during the stabilization period.

Any stabilisation activities will be conducted in

accordance with section 3-12 of the Norwegian

Securities Trading Act and Commission Regulation (EC)

No. 2273/2003 implementing Directive 2003/6/EC of the

European Parliament and of the Council as regards

exemptions for buy-back programmes and stabilisation

of financial instruments.

For further details see the prospectus dated 10 June

2014 issued by Havyard in connection with the

Offering and the listing of its shares on the Oslo

Stock Exchange.

Fearnley Securities AS and Arctic Securities ASA are

acting as managers in connection with the Offering.

For further information, please contact:

Fearnley Securities AS

Even Matre Ellingsen, CEO +47 99 00 55 00

DISCLAIMERS

This announcement is not and does not form a part of

any offer for sale of securities.

Copies of this press release are not being made and

may not be distributed or sent into the United

States, Australia, Canada, Japan or any other

jurisdiction in which such distribution would be

unlawful or would require registration or other

measures.

The securities referenced herein have not and will

not be registered under the U.S. Securities Act of

1933, as amended (the "Securities Act"), and may not

be offered or sold in the United States absent

registration or an exemption from the registration

requirements of the Securities Act. The Company does

not intend to register any part of the offering in

the United States or to conduct a public offering of

securities in the United States.

Any offering of securities has been made by means of

a prospectus that may be obtained from the Company or

the Managers and that contains detailed information

about Havyard and management, as well as financial

statements. This document is a press release and not

a prospectus for the purposes of Directive 2003/71/EC

(together with any applicable implementing measures

in any Member State, the "Prospectus Directive").

Investors should not subscribe for any securities

referred to in this document except for subscriptions

which have been made on the basis of information

contained in the prospectus.

In any EEA Member State other than Norway that has

implemented the Prospectus Directive, this

communication is only addressed to and is only

directed at qualified investors in that Member State

within the meaning of the Prospectus Directive, i.e.,

only to investors who can receive the offer without

an approved prospectus in such EEA Member State.

This communication is directed only at (i) persons

who are outside the United Kingdom or (ii) persons

who have professional experience in matters relating

to investments falling within Article 19(5) of the

Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005 (the "Order") and (iii) high

net worth entities, and other persons to whom it may

lawfully be communicated, falling within Article 49

(2) of the Order (all such persons together being

referred to as "relevant persons"). Any investment

activity to which this communication relates will

only be available to and will only be engaged with,

relevant persons. Any person who is not a relevant

person should not act or rely on this press release

or any of its contents.

This press release contains forward-looking

statements. Forward-looking statements are statements

that are not historical facts and may be identified

by words such

as "believe," "expect," "anticipate," "intends," "esti

mate," "will," "may," "continue," "should" and

similar expressions. The forward-looking statements

in this release are based upon various assumptions,

many of which are based, in turn, upon further

assumptions. These assumptions are inherently subject

to significant known and unknown risks,

uncertainties, contingencies and other important

factors which are difficult or impossible to predict

and are beyond its control. Such risks,

uncertainties, contingencies and other important

factors could cause actual events to differ

materially from the expectations expressed or implied

in this release by such forward-looking statements.

The information, opinions and forward-looking

statements contained in this release speak only as at

its date, and are subject to change without notice.

This information is subject of the disclosure

requirements pursuant to section 5-12 of the

Norwegian Securities Trading Act.