Annual report 2021

29 Apr 2022 07:00 CEST

Attached is the annual report for Havyard Group ASA.

The revenues for 2021 of just over MNOK 900 come primarily from newbuilding
activities at the Havyard Leirvik shipyard. In the time ahead, it is expected
that the yard revenues will come from assignments in the conversion and service
market.

Consolidated annual profit after tax is MNOK 379.7 - of which MNOK 92.7 comes
from continuing operations and MNOK 287.0 reflects the departure effect from
discontinued operations in HAV Group ASA.

During the last year Havyard has undergone a significant restructuring and a
large proportion of the result from continuing operations contains non-recurring
and restructuring effects. The basis is now present for further development and
growth.

Reference is made to the annual report 2021 for further information regarding
the annual accounts.

For further information, please contact:

Erik Høyvik, CEO
+47 91 68 31 73
erik.hoyvik@havyard.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock
exchange announcement was published by Daniel Kopperstad, Board Secretary, on 29
April 2022 at 07:00 CET.

More information:
Access the news on Oslo Bors NewsWeb site

560547_2021_HGR_AARSRAPPORT_o.pdf
560547_5967007LIEEXZXH9Q807-2021-12-31-en.zip