Havila Shipping ASA: Contract awarded by Reach Subsea ASA for Havila Subsea

Havila Shipping ASA has entered into an agreement with Reach Subsea ASA for use
of the subsea vessel Havila Subsea for three years. The agreement also includes
two optional periods, each of one year.

Reach will mobilize ROV and survey equipment on board, which constitutes a
subsea spread that will be used on projects within IMR, survey, light
construction and renewables. The vessel and subsea spread is expected to be
ready for operation during March 2017.

CEO Njål Sævik, says: "We are pleased to be awarded this contract for one of our
vessels in a challenging market, and see this as an acknowledgement of Havila
Shipping as a high quality operator and shipowner. We look forward to co-operate
with Reach Subsea in the years to come."


Contacts:
CEO Njål Sævik, +47 909 35 722
CFO Arne Johan Dale, +47 909 87 706

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