Havila Shipping ASA: CLARIFICATION - CONTINGENCY PLAN

Further to the stock exchange notice issued by Havila Shipping ASA (the
"Issuer") on 9 November 2016 regarding the proposed restructuring plan (the
"Restructuring Plan"), the Issuer would, in relation to the contingency plan
referred to in said stock exchange notice, like to clarify that the likely
alternative in the event that the Restructuring Plan is disapproved by the
unsecured bondholders, is bankruptcy. Although stakeholders have prepared a
contingency plan for such scenario, decisions on how to proceed will then be
made by the bankruptcy estate in co-operation with i.a. the secured lenders.

Contact persons for further information are:

Njål Sævik
Chief executive officer
+47 909 35 722
njaal@havila.no

Arne Johan Dale
Chief financial officer
+47 909 87 706
ajd@havila.no

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