Hafnia Limited – LTIP 2020 – Sale of Option Shares by primary insiders

07 Mar 2023 08:59 CET

Singapore, 7 March 2023

Reference is made to Hafnia Limited's ("Hafnia", the "Company", OSE ticker code:
“HAFNI”) stock exchange announcement on 1 March 2023 regarding the exercise of
options by primary insiders and other option holders.

In the period 1 – 3 March 2023, primary insiders and other option holders of the
Company have in total sold 2,197,000 shares in the market in a joint sale
through a broker.

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

Mikael Skov, Chief Executive Officer

Options (granted in 2020) exercised, each having a strike price of NOK
20.52:1,372,632
Options held following the option exercise: 3,446,952
Total number of shares held following the option exercise: 2,292,343
Number of shares sold: 1,372,632
Average price sold at: NOK 61,88 per share
Number of shares held following the sale: 919,711

Perry van Echtelt, Chief Financial Officer

Options (granted in 2020) exercised, each having a strike price of NOK 20.52:
296,112
Options held following the option exercise: 751,811
Total number of shares held following the option exercise: 336,397
Number of shares sold: 296,112
Average price sold at: NOK 61,88 per share
Number of shares held following the sale: 40,285



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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584412_Appendix Stock Exchange Announcement - PDMR - Options March 2023.pdf