HAFNIA ANNOUNCES SIGNING OF USD 715M REVOLVING CREDIT FACILITY

11 Jul 2025 08:38 CEST

Singapore, 11 July 2025

Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI", NYSE ticker
code: “HAFN”) is pleased to announce the signing of a USD 715 million Revolving
Credit Facility (the “Loan Facility”) on 10 July 2025 secured by a modern fleet
of 32 product tankers. The facility has a very competitive margin with a tenor
of seven years and an age-adjusted amortisation profile of 20 years, was
established in partnership with a syndicate of 11 banks.

The syndicate comprises of ING, OCBC, and Standard Chartered as the mandated
lead arrangers; BNP Paribas, DBS Bank Ltd., IYO Bank, Societe Generale and UOB
as the lead arrangers; E.Sun Commercial Bank Ltd., Singapore Branch,
Skandinaviska Enskilda Banken AB (publ) and Taishin International Bank,
Singapore Branch, as co-arrangers. ING served as the Facility Coordinator and
Facility Agent for the transaction.

By refinancing existing debt with this Loan Facility, Hafnia has lowered its
overall cost of funding, reduced the cash flow breakeven, strengthened its
liquidity profile and built in flexibility to position itself for future growth.
The Loan Facility also has an uncommitted accordion tranche of up to USD 417
million to be exercised within two years.

“This facility is a testament to the confidence our banking partners have in
Hafnia’s strategy and performance. The lower cost, attractive terms and
revolving nature of the facility gives us the agility to manage our liquidity
needs and enhance our financial flexibility.” says Hafnia’s CFO Perry van
Echtelt.

Stephen Fewster, ING’s Global Head of Shipping, commented: "We are proud to act
as facility agent and to coordinate this innovative facility for an industry
leader like Hafnia. The support from such a broad syndicate underlines Hafnia’s
reputation and the strong bank following which it has built.”

For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 8533 8900

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About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil
products and chemicals for major national and international oil companies,
chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integrated
shipping platform, including technical management, commercial and chartering
services, pool management, and a large-scale bunker procurement desk. Hafnia has
offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over
4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil
and gas transportation, floating gas infrastructure, environmental technologies,
and deep-water production for over 80 years.

This information is subject to disclosure requirements pursuant to Section 5-12
of the Norwegian Securities Trading Act.

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