Havila Kystruten AS

Havila Kystruten AS: The Company is now the owner of Havila Polaris and Havila Pollux

Havila Kystruten became the owner of Havila Polaris and Havila Pollux this

afternoon at Tersan Shipyard in Turkey. After clearance from Turkey, the ships

will sail back to Norway to be put into service along the Norwegian coast.

The ships are wholly owned by the company and are registered in the Norwegian

Ship Register NOR and now sail under the Norwegian flag.

The four sister ships have combined estimated market value of 600 million euros,

and they are financed through a bond of 305 million euros provided by certain

funds and/or accounts of HPS Investment Partners LLC, or subsidiaries or

affiliates thereof. Additionally, 65 million euros in new equity has been

raised, and Havila Holding AS has contributed a loan of 20 million euros.

Havila Polaris and Havila Pollux will leave Tersan Shipyard in the next few days

so that Havila Polaris can begin its route from Bergen on August 17, and Havila

Pollux on August 23.

After the delivery, the company will be able to fulfill the contract with the

Ministry of Transport.

Contacts:

Chief Executive Officer Bent Martini +47 905 99 650

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

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