Information regarding guarantor

16 Dec 2022 14:14 CET

Havila Kystruten AS (Havila) has today received judgment from High Court of
Justice in London regarding the dispute with Barreras (the yard) and the
guarantor surrounding the issues with regards to the shipbuilding contracts for
2 coastal cruise vessels at the yard. The rights and obligations relating to the
terminated contract with Barreras have previously been transferred to Havila
Holding AS (Note 3 in the company’s Q3-report). The judgment rules in favor of
Havila with regards to the cancellation of the shipbuilding contracts, and that
Havila’s claim against the guarantor for repayment of installments paid should
be honored. The amount to be paid back, including interest, is stipulated to be
approx. 450 MNOK. The court also cleared Havila of any claims of damages raised
by Barreras. The judgment is not yet legally binding.

Contact:
Vegard Sævik: +47 90658417

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