Reference is made to the stock exchange announcement made by Havila Kystruten AS
earlier today regarding completion of an extraordinary general meeting. The
extraordinary general meeting resolved, among other things, to conduct a share
consolidation (reverse share split) in the ratio of 50:1 and a share capital
increase to facilitate the share consolidation, since the current number of
shares in the Company cannot be divided by 50.
Havila Holding AS, a close associate of primary insiders Njål Sævik and Vegard
Sævik, has subscribed for 41 shares in the share capital increase.
Please see the enclosed form for further details.
Contacts:
Chief Executive Officer: Bent Martini, +47 905 99 650
Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114