Eqva ASA — Share Issue/Capital Change 2014

Apr 15, 2014

Havyard to construct hybrid battery powered Arctic PSV

Havyard to construct hybrid battery powered Arctic PSV

Havyard has signed a contract for the construction of

a Havyard 833 WE ICE platform supply vessel with

Fafnir Offshore HF

The vessel is going to be designed by Havyard Design

and Solutions in Fosnavaag and will be constructed at

Havyard Ship Technology`s yard in Leirvik in Sogn,

Norway. The vessel will become newbuild number 126,

has a contract value of just above NOK 350 million and

is due to be delivered in July 2015. This latest

contract is the second Havyard has signed with the

Icelandic offshore shipping company Fafnir Offshore.

For further information, please contact:

Geir Johan Bakke

President & CEO

Havyard Group ASA

+47 481 80 011

geir.johan.bakke@havyard.com

Gunnar Larsen

Senior Vice President

Havyard Group ASA

+47 901 05 694

gunnar.larsen@havyard.com