Havyard to sell 25 % stake in Forland Subsea AS

Havyard Ship Invest AS have entered into an agreement
with Forland Shipping 06 May 2014 to sell Havyard's
25% stake in Forland Subsea AS. Forland Subsea AS is
the shipowning company for the subsea construction
vessel "Lewek Inspector".

After this transaction, Forland Shipping owns 100 % of
the shares in Forland Subsea AS.


For further information, please contact:

Geir Johan Bakke
President & CEO
Havyard Group ASA
+47 481 80 011
geir.johan.bakke@havyard.com

Karl Eirik Frøysa Hansen
Chief Accounting Officer
Havyard Group ASA
+47 40 24 71 13
karl.hansen@havyard.com