Havila Shipping ASA: Company update

We refer to the Stock exchange release of 01.03.2019 containing a statement
regarding preliminary calculations of cash flow related to each vessel in the
fleet. The final calculations has been made with identical conclusion regarding
performing and non-performing vessels.

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 the Norwegian Securities Trading Act