Chairman's Letter

26 Apr 2023 11:21 CEST

Dear Shareholder

The Annual General Meeting (the “2023 AGM”) of Hafnia Limited (the “Company”)
will be held at 18 Rebecca Road, Southampton SN04, Bermuda on Thursday, 18 May
2023 at 5:00 p.m. (local time).

The matters to be considered at the 2023 AGM are identified in the attached
Notice of the 2023 AGM.

In accordance with Section 84 of the Bermuda Companies Act 1981, the audited
consolidated financial statements of the Company for the year ended 31 December
2022 will be presented at the 2023 AGM. These statements were authorised for
issue by the Board of Directors of the Company on 30 March 2023. There is no
requirement under Bermuda law that such statements be approved by the Members,
and no such approval will be sought at the 2023 AGM. The Company’s audited
consolidated financial statements and the auditors’ report are included in the
Company’s Annual Report which is available on the Company’s website at
http://www.hafniabw.com.

According to the Company’s Bye-laws, the Directors of the Company are designated
as either Class I Directors or Class II Directors for the purpose of retirement
by rotation. To align with corporate governance improvement practices, the Board
of Directors proposes that the general meeting approves an amendment to the
Company’s Bye-laws to remove the staggered board mechanism and provide the
ability for persons other than the Chairman of the Company, for example, an
independent Director of the Company, to be elected as chairman of a general
meeting.

At the last Annual General Meeting held in 2022, the Class II Directors were
re-elected to serve until the conclusion of the 2024 AGM. The Class I Directors
are up for election at the 2023 AGM and subject to the passing of the
resolutions for the amendments of the Company’s Bye-laws, it is recommended that
the Directors who are due for re-election at the 2023 AGM be re-elected to serve
until the conclusion of the 2024 AGM.

It is also recommended that the number of Directors of the Company shall
continue to be up to eight. It is further recommended that the Chairman be
re-appointed for the ensuing year in accordance with the Company’s Bye-laws.

The Board of Directors has established Guidelines for Executive Remuneration
which is reviewed annually and is available on the Company’s website at
http://www.hafniabw.com.

The Bye-laws of the Company provide that the Directors’ fees shall be determined
by the Members in general meeting. It is proposed that the Directors be paid the
fees in respect of the services rendered by them for the period from the 2023
AGM to the 2024 AGM as detailed in the recommendation from the Nomination
Committee dated 21 April 2023. The Nomination Committee further proposes that
the Nomination Committee members be paid for their services for the period from
the 2023 AGM to the 2024 AGM as detailed in the recommendation from the
Nomination Committee dated 21 April 2023.

The Audit Committee of the Board of Directors is charged with the responsibility
to recommend the appointment of the Company’s external auditors. In this
connection, the Audit Committee has recommended that KPMG LLP be re-appointed as
the Independent Auditors of the Company. Consistent with the Company’s Bye-laws,
it is proposed that the Board of Directors be authorised to determine the
remuneration of KPMG LLP.

Enclosed with this mailing is the Notice of the 2023 AGM and a Form of Proxy for
your Common Shares to be represented at the 2023 AGM. Also enclosed is the
recommendation from the Nomination Committee dated 21 April 2023.

Members registered in the branch register of the Company maintained by
Verdipapirsentralen ASA (the VPS) at the close of business on 15 May 2023 will
be entitled to attend and vote at the 2023 AGM in respect of the number of
Common Shares registered in their names at such time.

A Member entitled to vote at the 2023 AGM is entitled to appoint a proxy to
attend and to vote in his/her/its place. A Member appointing a proxy must
complete the Form of Proxy and submit the same to DNB Bank ASA.

Please submit the Form of Proxy to DNB Bank ASA, Registrars Department, Dronning
Eufemias gate 30, 0191 Oslo, Norway, or by PDF attachment to vote@dnb.no.

The Board of Directors recommends that you vote in favour of all the matters to
be considered at the 2023 AGM.

Singapore, 26 April 2023


On behalf of the Board of Directors

Mr. Andreas Sohmen-Pao
Chairman of the Board

Enclosures:
1. Notice of the 2023 AGM
2. Form of Proxy
3. Recommendation from the Nomination Committee

More information:
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588551_Chairman's Letter.pdf