Transactions made under the repurchase program for HAV Group ASA

21 Sep 2023 10:49 CEST

Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 24 May 2023 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 24 May 2023.
The repurchase program can be implemented in the period until the annual general
meeting in 2024, but no longer than until 30 June 2024.

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)

12.09.23 2.500 9.2320 23.080,00
13.09.23 3.573 9.1036 32.527,16
14.09.23 3.000 9,0400 27.120,00
15.09.23 3.505 9,0798 31.824,70
18.09.23 500 9,0200 4.510,00
19.09.23 1.358 9,0489 12.288,41
20.09.23 1.675 9,0563 15.169,30

Total previously published repurchases under the program:

4.110.948 12,6083 51.832.128,25

Total repurchases under the program:

4.127.059 12,5946 51.978.647,82

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 3.107.878 treasury shares in the Company,
corresponding to 8.88 % 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

599963_HAV_share buyback details_Sep12 to Sep20 2023.pdf