Havyard Group ASA - Initial Public Offering - amendment of price

Havyard Group ASA announces that the price for its
initial public offering has been amended, as a result
of orders and indications received during the book-
building period. The price at which the offer shares
will be sold has been adjusted to NOK 33.50 per offer
share.

At this revised price, applications have been
received for an amount in excess of the minimum
volume of 4,200,000 shares and the full overallotment
option of 420,000 shares. Sufficient retail
subscriptions have been received to qualify for
listing on the main board of Oslo Børs.

The books will close at 16:00 CET on Tuesday 24 June,
in accordance with announcement made last Friday.

For further information, please contact:

Havyard Group ASA
Geir Johan Bakke, CEO +47 48 18 00 11
Karl Eirik Hansen, CAO +47 40 24 71 13

Fearnley Securities
Even Matre Ellingsen, CEO +47 99 00 55 00