Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 24 May 2023 regarding the continuation of the repurchase
program of up to 7,000,000 own shares. The Company may however only acquire
treasury shares provided that the total nominal value of the holding of treasury
shares does not exceed 10% of the Company's current share capital at any time,
as of today corresponding to 3,500,000 shares.

The continuation of the repurchase program is based on the new authorizations
given to the board by the Company's annual general meeting held on 24 May 2023.
The repurchase program can be implemented in the period until the annual general
meeting in 2024, but no longer than until 30 June 2024.

The following repurchases have been made in accordance with the "safe harbor"
rules, which includes a limitation of 25% of the average daily volume traded in
the last 20 trading days:

Date              Volume      Average price     Total cost (NOK)

02.01.24          1.300              9,8615            12.819,95
03.01.24          2.269              9,6668            21.933,97
04.01.24          2.757              9,6265            26.540,26
05.01.24          1.000              9,6000             9.600,00
08.01.24          2.027              9,9072            20.081,89
09.01.24          4.463              9,9808            44.544,31
10.01.24            500              9,9800             4.990,00  

Total previously published repurchases under the program:
                
              4.355.658             12,4160        54 079 689,25

Total repurchases under the program:
                
              4.369.974             12,4074        54 220 199,63

A detailed overview of all completed transactions under the repurchase program
carried out during the above time period is attached hereto and available at
www.newsweb.no.

At present date, HAV owns 3.350.793 treasury shares in the Company,
corresponding to 9.57 % of HAV's share capital.

For further information, please contact:
Gunnar Larsen, CEO
Tel: +47 90 10 56 94
Email: gunnar.larsen@havgroup.no 
 
This information is published in accordance with the Market Abuse Regulation
(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)
2016/1052, and is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.

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© Oslo Bors ASA, source Oslo Stock Exchange