Havila Kystruten AS: Ministry of Transport has withdrawn the fine related to delayed start-up for Havila Polaris

14 Apr 2023 12:43 CEST

Reference is made to the Stock Exchange Release sent 8(th) February 2023, where
the company informed about a fine amounting to NOK 7.7 million per month from
January 2023 for delayed start-up of Havila Polaris.
The Ministry of Transport has today informed the company that they accept the
company's claim that the delays are due to circumstances beyond the company's
control.
As a result, the Ministry of Transport has withdrawn the demand for a fine on
the basis of force majeure.  The Ministry of Transport has also informed the
company that, based on their conclusion,
they accept that the delayed start-up of Havila Pollux is also due to
circumstances beyond the company's control and the company will not be fined for
this delay. Under the condition that the reason for the delay is the one that is
now accepted.

There are still, as previously notified, unresolved issues related to the
sanction regulations which means that the start-up for Havila Polaris is now set
for 21(st) of May 2023.

Contacts:
CEO Bent Martini: + 47 905 99 650
CFO Arne Johan Dale: + 47 909 87 706

More information:
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