Transactions made under the repurchase program for HAV Group ASA

19 Jan 2023 11:48 CET

Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 30 May 2022 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 30 May 2022.
The repurchase program can be implemented in the period until the annual general
meeting in 2023, but no longer than until 30 June 2023.

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)

10.01.23 6.452 8,6523 55.824,64
11.01.23 13.464 8,7000 117.136,80
12.01.23 13.882 8,5000 117.997,00
13.01.23 13.941 8,6436 120.500,43
16.01.23 13.941 8,7837 122.453,56
17.01.23 15.619 8,8372 138.028,23
18.01.23 19.471 9,3828 182.692,50

Total previously published repurchases under the program:

2.426.767 14,2187 34.505.443,50

Total repurchases under the program:

2.523.537 14,0121 35.360.076,66

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 1.781.678 treasury shares in the Company,
corresponding to 5,09% 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.

More information:
Access the news on Oslo Bors NewsWeb site

580364_HAV_share buyback details_Jan10 to Jan18 2023.pdf