Havila Kystruten AS

Havila Kystruten AS: The company is now the legal owner of Havila Capella

Reference is made to previous stock exchange announcements regarding the

company's fleet, refinancing and settlement of termination amounts with the

original lender.

The company has successfully completed its refinancing and has thereby settled

the termination amounts with the original lender, releasing all securities they

held on the company's vessels and assets. Havila Kystruten AS is now the legal

owner of Havila Capella and Havila Castor.

The settlement of termination amounts enables the delivery of Havila Polaris and

Havila Pollux early next week. Unfortunately, the process has been time-

consuming, resulting in the planned start-up in route for Havila Pollux is moved

from August 12th to August 23rd. Havila Polaris will start in route as planned

on August 17th.

Once again, the company apologizes for the consequences this has for all

involved parties.

Contacts:

Chief Executive Officer Bent Martini, +47 905 99 650

Chief Financial Officer Arne Johan Dale, +47 909 87 706

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