Eqva ASA — Share Issue/Capital Change 2014

Mar 31, 2014

BØRSMELDING

Selskap: Havyard Group ASA Ticker: HYARD Kategori: Melding om handel Dato: 31. mars 2014

Søknad om børsnotering. Nedsalg og rettet emisjon.

Havyard Group ASA leverte den 28. mars 2014 søknad til Oslo Børs om notering av selskapets aksjer på Oslo Børs, alternativt Oslo Axess. Selskapet gjennomfører en ordinær opptaksprosess, og det er forventet at børsen tar stilling til søknaden i børsstyremøte den 30. april 2014. Første handledag er forventet å bli medio mai og senest 13. juni 2014.

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For å etablere en ny eierstruktur og for å skaffe ny kapital til selskapet, pågår det nå en prosess der utvalgte investorer inviteres til å investere i selskapets aksjer, dels ved kjøp av aksjer fra dagens aksjonærer og da hovedsakelig fra hovedaksjonæren Havila Holding AS' beholdning, og dels ved nytegning av aksjer. Hovedbetingelsene i transaksjonen er som følger:

Usteder: Havyard Group ASA Tilbudet: Inntil 13 500 000 aksjer Indikativt prisintervall per aksje: NOK 49,50 – 54,00 (tilsv. USD 8,22 – 8,97 basert på kurs NOK/USD 6,02) Antatt emisjonsproveny for selskapet: Inntil NOK 100 000 000 Minste tegningsbeløp/tildelingsbeløp: et beløp i NOK tilsvarende EUR 100 000 Start tegningsperiode: 27. mars 2014 kl. 9.00 Utløp tegningsperiode: 4. april 2014 kl. 12.00 (kan fremskyndes eller utsettes etter selskapets beslutning) Dato for allokering: Ca. 7. april 2014 Betalingsfrist: Ca. 10. april 2014 Dato for levering av aksjene og registrering på N-OTC: Ca. 14. april 2014

I forkant av første handledag for selskapets aksjer på regulert marked vil det bli offentliggjort prospekt og gjennomført et spredningssalg fra Havila Holding AS for å tilfredsstille børsens krav om antall aksjonærer i selskapet på noteringstidspunktet. Selskapet vil komme tilbake med nærmere opplysninger om dette i senere børsmeldinger.

Tilretteleggere er Fearnley Securities AS og Arctic Securities ASA.

Selskapets kontaktpersoner:

Geir Johan Bakke, +47 48 18 00 11 geir.johan.bakke@havyard.com Karl Eirik Frøysa Hansen, +47 40 24 71 13 karl.hansen@havyard.com Idar Fuglseth, +47 90 52 10 63 idar.fuglseth@havyard.com

Om Havyard Group ASA:

Havyard Group ASA er et fullintegrert skipsteknologiselskap innen skipsdesign, skipsbygging, systemleveranser og ettermarked. Det er totalt ca. 770 ansatte i konsernet derav ca. 650 i Norge. Hovedkontoret til Havyard Group er lokalisert i Fosnavåg i Møre og Romsdal. Gruppen har kontor i Kina og Brasil. Konsernet er delt opp i fire forretningsområder:

• Havyard Ship Technology i Leirvik i Sogn (verft) og Fosnavåg og avdeling i Tyrkia
• Havyard Design & Solutions med base i Fosnavåg og avdelinger i Stavanger, Polen og Kroatia
• Havyard Power & Systems i Ålesund med avdeling i Polen
• Havyard Fish Handling & Refrigeration AS med base i Fosnavåg og avdelinger på Vigra, i Tromsø, Haugesund og Peru

DISCLAIMERS

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

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.

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").

In any EEA Member State 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 may contain 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," "estimate," "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. Although Havyard Group ASA believes that these assumptions were reasonable when made, 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. Havyard Group ASA disclaims any obligation to update and revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.