Hafnia Limited – LTIP 2019 – Exercise of options

02 Mar 2023 08:50 CET

Singapore, 1 March 2023

On 1 March 2023, primary insiders of the Company have, in total, exercised
1,668,744 vested options granted under LTIP 2019. The exercised options are
settled by the Company by transfer of treasury shares (the "Option Shares").

Following the transfer, the Company will hold 3,844,921 treasury shares.

The total number of options and shares held by the relevant primary insiders
following the exercise are as set out below:

Mikael Skov, Chief Executive Officer
Options (granted in 2019) exercised, each having a strike price of NOK 20.52:
1,372,632
Options held following the option exercise: 3,446,952
Restricted shares: 182,922
Total number of shares held following the option exercise: 2,292,343

Perry van Echtelt, Chief Financial Officer
Options (granted in 2019) exercised, each having a strike price of NOK 20.52:
296,112
Options held following the option exercise: 751,811
Restricted shares: 39,896
Total number of shares held following the option exercise: 336,397

Please refer to the attached for further details.

For further information, please contact:

Mikael Skov
CEO Hafnia Limited
+65 8533 8900

About Hafnia Limited:

Hafnia is one of the world's leading oil product tanker owners and operators.
The Company provides transportation of oil and oil products to leading national
and international oil companies, major chemical companies, as well as trading
and utility companies.

Hafnia commercially operates a fleet of over 220 vessels, including newbuilds.
Among them, 113 of these vessels are owned.

Hafnia has a solid history in chartering, operations, and technical management,
and strives to offer customers the best solution for their transportation needs.
This solution-focused approach has resulted in a strong reputation and the
Company remains firmly committed to being a responsible member of the industry
and operating according to the highest ethical standards.

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584084_Appendix Stock Exchange Announcement - PDMR - Options March 2023.pdf