Havila Shipping ASA - Flagging - Mandatory notification of trade

29.06.2009

Havila Shipping ASA has today sold 1 052 000 own shares (6.59% of total shares) at a price of NOK 47.50 per share to DnBNOR Bank ASA/DnBNOR Markets. After the sale the company owns 155 000 own shares (0.97%) Havila Shipping ASA has entered into a Total Return Swap (TRS) with DnbNOR Markets for all the sold shares. The sale of own shares will cause strengthening of Havila Shipping's equity with about NOK 50 million. The TRS will ensure that the company will take part in the development of the share price of the stock. The TRS ends at 29th December 2009.

Havila Shipping ASA