Share capital increase pertaining to the exchange offer registered

Reference is made to Havyard Group ASA's
(the "Company") stock exchange announcements dated 16
June, 30 June, 12 July and 25 July 2016 regarding the
Company's exchange offer whereby the Company has
resolved to issue 2,252,830 new shares in the Company.

The share capital increase was registered with the
Norwegian Register of Business Enterprises today. The
Company's share capital is currently NOK 1,239,057.50
divided into 24,781,150 shares, each with a par value
of NOK 0.05. Each share gives one vote at the
Company's general meeting.

The new shares will be listed on Oslo Børs and be
tradable as of Monday, 5 September 2016.

Fearnley Securities AS has been the manager for the
transaction and Advokatfirmaet Selmer DA has been
engaged as legal advisor for the manager.

For further information, please contact:

Pål Aurvåg
CFO
+47 95 00 50 04

Per Lauvvang
Fearnley Securities
+ 47 95 11 10 51

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