Eqva ASA

Havyard Group ASA - Annual report 2016

Please find attached Havyard Group ASA's audited financial

statement for 2016. The preliminary result published on

28th. of February 2017 has been reduced by MNOK 51,5. This

is due to an increase in the impairment of financial assets

and other non-current receivables (see note 19 and 20) and

effect of bonus 2016.

(The impairment is a "non-cash" transaction)

The increased impairment relates to ownership in the ship

owning company "P/F 6.September 2006". The company has not

completed the necessary refinancing, but based on the

outcome of refinancing of similar companies, the risk is

high for heavy losses.

As per 31st.of December the book value is MNOK 60 related

to investments in this sector.

For questions regarding the annual report, please contact:

Pål Aurvåg

CFO

+47 95005004

This information is subject of the disclosure requirements

pursuant to section 5-12 of the Norwegian Securities Trading

Act.

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