Havila Kystruten AS

Havila Kystruten AS: Information about refinancing and delivery of ships

Refinancing

Havila Kystruten has signed term sheets with lenders for refinancing of the

fleet.

The financing totals to EUR 370 million and covers payment to Tersan on delivery

of Havila Polaris and Havila Pollux as well as redemption of existing debt

related to all ships.

The agreements are contingent on the preparation and completion of loan

documentation. Further details of the financing will be made public thereafter.

Redemption of debts to GTLK will take place by further agreement with the new

lenders in accordance with permission obtained from The Norwegian authorities

and in compliance with international sanctions regulations.

Delivery and operation of Havila Polaris and Havila Pollux

Following new plans for delivery of Havila Polaris and Havila Pollux from

Tersan, the company is now planning to start operation Havila Polaris in route

no later than 29(th) of December 2022 and Havila Pollux no later than 22(nd) of

March 2023.

The company will accordingly contact passengers affected by the changes and

offer similar voyages with Havila Capella and Havila Castor, alternatively

voyages with the newest ships later.

Contacts:

CEO Bent Martini, +47 905 99 650

CFO Arne Johan Dale, +47 909 87 706

AI Terminal