Havyard enters into letter of intent for the construction of a trawler

Havyard Ship Technology has signed a letter of intent with
the Canadian shipping company Baffin Fisheries, for the
design and construction of an artic stern trawler. The
vessel, a Havyard 554, is designed by Havyard Design &
Solutions in close cooperation with the customer, and is 17
meters wide and 74.5 meters long.

The parties intends to enter into an effective contract
within August 2017, with a scheduled delivery date for the
vessel in April 2019.

The group has worked strategically and targeted to get into
the trawler market, and the letter of intent shows that
Havyard is in the process of confirming its position in this
segment as well.

For further information, please contact:

Geir Johan Bakke
CEO
+47 481 80 011

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