Launch of IPO, publication of prospectus

Havyard Group ASA submitted an updated application
for listing of its shares on Oslo Børs, alternatively
Oslo Axess, on 6 June 2014. It is expected that the
stock exchange will consider the application in a
meeting of its board of directors on 18 June 2014.
Subject to approval of the application and compliance
with the listing criteria, the first day of trading
is expected to be 26 June 2014.

In connection with the offering and the listing of
the company there will be a public offering of the
company's shares whereby investors are invited to
purchase shares from the company's largest
shareholder, Havila Holding AS, which currently holds
about 82.1 % of the company's shares.

In connection with the offering and the listing of
the company's shares, a prospectus has been prepared
and approved by the Norwegian Financial Surveillance
Authority (Finanstilsynet) on 10 June 2014. Subject
to regulatory restrictions in certain jurisdictions,
the prospectus is available at the web pages of the
Company (www.havyard.com) and from the managers
Fearnley Securities (www.fearnleysecurities.no) and
Arctic Securities (www.arcticsec.no). The prospectus
can also be ordered free of charge from the Company.

See the attached document for more information
regarding the offering.

The company´s contact persons:

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

This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.