Havila Shipping ASA

Share Issue/Capital Change • Mar 20, 2017

Havila Shipping ASA: Subsequent offering - Last day of subscription period

Havila Shipping ASA: Subsequent offering - Last day of subscription period

Reference is made to the previous announcement made by Havila Shipping ASA

("Havila Shipping") related to the subsequent offering in Havila Shipping

directed towards shareholders in Havila Shipping of up to 240 million shares in

Havila Shipping.

The subscription period for the Subsequent Offering will expire today, 20 March

2017 at 16:30 hours (CET. Correctly completed subscription forms must be

received by Swedbank Norge or Fearnley Securities, or, in the case of online

subscriptions, be registered, within this deadline. Upon expiry of the

subscription period, any subscription rights that have not been exercised will

expire and have no value.

For more information, please refer to the prospectus of Havila Shipping, dated

27 February 2017 and the supplemental prospectus dated 3 March 2017 (the

"Prospectuses"). The Prospectuses are available at www.swedbank.no and

www.fearnleysecurities.no.

For additional information please contact:

CEO Njål Sævik, +47 909 35 722

CFO Arne Johan Dale, +47 909 87 706

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.