Notification of trading in financial instruments issued by Havyard Group ASA

Name of notifier: Rafi Holding AS, v/ Erling Keiseraas

Reason for notification: [Notinfier's own trading or trading by close associates] Innsider (styremedlem MMC First Process)

Name of issuer of the financial instrument: HYARD

Description of the financial instrument: Share

Type of transaction: [Sale, purchase, exchange or subscription] Kjøp

Time of transaction: 21.03.18, kl. 12,34

Marketplace for transaction: Oslo Børs

Price per share: kr. 14,37

Transaction of volume: 10.000

New holding after the transaction: 20.000