Havila Shipping ASA

M&A Activity • May 19, 2014

Havila Shipping ASA : New contracts securing fourteen PSV vessel years firm with Mærsk Oil and Shell

Havila Shipping ASA : New contracts securing fourteen PSV vessel years firm with Mærsk Oil and Shell

Havila Shipping ASA has entered into new contracts with Mærsk Oil for the PSV

vessels Havila Clipper, Havila Herøy and Havila Fanø.

For Havila Clipper a firm contract for three years commencing 1(st) June 2014

with one optional period of one year from 1(st) June 2017.

For each of Havila Herøy and Havila Fanø existing optional periods is firmed up

and lengthened to five years in direct continuation of existing contracts.

After the agreement Havila Herøy will be working for Mærsk Oil until December

2019, and Havila Fanø until September 2020.

Shell has declared first optional period of one year for the PSV vessel Havila

Borg currently working in West Africa.  Havila Borg will work for Shell until

July 2015 with further 3 optional years.

Commercial terms is based on existing contracts and for Havila Clipper based on

market conditions.

Contacts

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act)

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