Eqva ASA

Share Issue/Capital Change • Aug 5, 2014

HAVYARD GROUP ASA - End of Stabilisation Period and exercise of over-allotment option

HAVYARD GROUP ASA - End of Stabilisation Period and exercise of over-allotment option

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 01 July

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

the "Company") announced potential stabilisation

activities in respect of the shares in Havyard

Group ASA in the period from 1 July 2014 to and

including 30 July 2014 (the "Stabilisation Period").

Fearnley Securities AS hereby gives notice that

stabilisation was undertaken in relation to the

shares in Havyard and that a total of 235,373 shares

were purchased for a total purchase price of NOK

7,800,308 during the Stabilisation Period. First day

of purchase was 1 July 2014 and last day of purchase

was 30 July 2014. The highest price paid per share in

the Stabilisation Period was NOK 33.50, the lowest

price paid was NOK 32.00 and the average price paid

was NOK 33.1402.

For each of the dates on which stabilisation

transactions were carried out, the price range for

the stabilisation transactions was as follows:

Date Low High

01.07.2014 32.5 33.5

02.07.2014 32.0 33.5

03.07.2014 33.3 33.5

04.07.2014 33.5 33.5

10.07.2014 32.5 33.0

11.07.2014 32.5 33.0

14.07.2014 33.0 33.0

15.07.2014 33.0 33.0

16.07.2014 33.0 33.0

17.07.2014 32.5 33.0

21.07.2014 32.7 33.0

22.07.2014 33.0 33.0

23.07.2014 33.0 33.0

24.07.2014 32.5 32.5

28.07.2014 33.0 33.0

30.07.2014 32.9 32.9

Fearnley Securities AS has redelivered the shares

purchased through stabilisation transactions to

Havyard Group ASA and GJB AS in accordance with the

terms in a share lending agreement between the

parties, and has exercised the option to purchase

from Havyard Group ASA a total number of 184,627

shares in Havyard which was borrowed and over-

allotted in the offering and for which the redelivery

obligation under the share lending agreement has not

been covered by redelivery of shares purchased during

the Stabilisation Period. All of the shares borrowed

from GJB AS were redelivered.

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.