Havila Kystruten AS

HAVILA KYSTRUTEN AS: Final results of Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES

OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION

WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice from Havila Kystruten AS ("Havila

Kystruten" or the "Company") on 8 September 2023 regarding the commencement of

the subscription period (the "Subscription Period") in the subsequent offering

(the "Subsequent Offering") of up to 60,000,000 new shares in the Company (the

"Offer Shares") at a subscription price of NOK 1.00 per share (the "Offer

Price"). Reference is also made to the stock exchange notice from Havila

Kystruten on 22 September 2023, with the preliminary results of the Subsequent

Offering.

The subscription period for the Subsequent Offering ended on Friday 22 September

2023 at 16:30 CET. By the end of the subscription period, the Company had

received valid subscriptions for 22,631,697 Offer Shares in the Subsequent

Offering. The board of the Company has today resolved that a total of

22,631,697 Offer Shares will be allocated at the Offer Price in accordance with

the allocation criteria set out in the national prospectus, raising gross

proceeds of NOK 22,631,697.

Investors that are allocated Offer Shares can access information on the number

of Offer Shares allocated through VPS. The due date for payment of the Offer

Shares is on 27 September 2023

Subject to duly and timely payment of the Offer Shares, the share capital

increase is expected to be registered in the Norwegian Register of Business

Enterprises on or about 29 September 2023 and will be delivered to the VPS

accounts of the subscribers shortly thereafter. The Offer Shares will have equal

rights and rank pari passu with the Company's other shares.

Arctic Securities AS, Fearnley Securities AS and Nordea Bank Abp, filial I

Norge, are acting as managers (the "Managers") in the Subsequent Offering.

Wikborg Rein Advokatfirma AS is acting as legal advisor to the Company.

Contacts:

Chief executive officer Bent Martini, + 47 905 99 650

Chief financial officer Arne Johan Dale, +47 909 87 706

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