NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, HONG KONG,
SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY SECURITIES IN ANY JURISDICTION, INCLUDING THE UNITED STATES,
CANADA, AUSTRALIA, JAPAN, HONG KONG OR SOUTH AFRICA.

Reference is made to the stock exchange notice published on 19 March 2024
regarding a potential block sale of existing shares in Hafnia Limited (the
"Company") by BW Group Limited (the "Seller") through an accelerated
bookbuilding process (the "Offering").

The Seller has successfully sold 26,000,000 shares in the Company (the "Offer
Shares") which is equal to approx. 5.1% of the Company's outstanding shares at
NOK 73 per share.

Following completion of the Offering, the Seller owns 220,106,112 shares in the
Company which is equal to approx. 43.14% of the Company's outstanding shares.
The Seller has entered into a 180-day customary lock-up with the Managers on the
remaining shares in the Company held by the Seller after the Offering.

The Seller remains committed to be the leading long-term shareholder in the
Company and is a strong believer in the product tanker market. The purpose of
the Offering from the Seller's perspective is to enhance the trading liquidity
in the Company's shares in support of its planned dual listing in the US, and to
rebalance the Seller's portfolio of 18 group companies. The Seller has done this
in other of its portfolio companies before, and it allows the Seller to support
the Company's shares when necessary.

The notification of allocation in the Offering is expected to be communicated on
or about 20 March 2024 (T) before 09:00 CET. The settlement in the Offering is
expected to take place on or about 22 March 2024 on a delivery versus payment
basis (normal DVP T+2). The Offer Shares will be tradeable on Oslo Børs from T.

Castel AS, a company related to Mr. Erik Bartnes who is a director of the
Company, was allocated a 27,397 Offer Shares at the offering price. A separate
notice will be provided. 

The Seller is represented on the Company's board of directors by the Chairman
Mr. Andreas Sohmen-Pao, who is also the Chairman of the Seller.

The Seller will receive the net proceeds from the Offering. The Company will not
receive any proceeds from the Offering.

DNB Markets, part of DNB Bank AS, Fearnley Securities AS, and Pareto Securities
AS acted as Joint Global Coordinators and Joint Bookrunners in the Offering (the
"Managers").

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

This stock exchange announcement was published by Thomas Andersen at Hafnia
Limited, on 20 March 2024 at 08:00 CET.

Important Notices:

This announcement and the information contained herein is for information
purposes only and is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities in the United States,
Canada, Australia, Japan, Hong Kong or South Africa or any other jurisdiction in
which such an offer or solicitation would be unlawful. The distribution of this
announcement and other information may be restricted by law in certain
jurisdictions. Copies of this announcement are not being made and may not be
distributed or sent into any jurisdiction in which such distribution would be
unlawful or would require registration or other measures. Persons into whose
possession this announcement or such other information should come are required
to inform themselves about and to observe any such restrictions. 

The securities referred to in this announcement have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or under the applicable securities laws of any state or other
jurisdiction of the United States or of Canada, Australia, Hong Kong, South
Africa or Japan. Such securities may not be offered or sold in the United States
unless registered under the Securities Act or offered in a transaction exempt
from, or not otherwise subject to, the registration requirements of the
Securities Act and the securities laws of any relevant state or other
jurisdiction of the United States. There will be no public offering of such
securities in the United States or in any other jurisdiction. 

The securities referred to herein have not been approved or disapproved by the
US Securities and Exchange Commission, any state securities commission or other
regulatory authority in the United States, nor have any of the foregoing
authorities passed upon or endorsed the merits of the Offering or the accuracy
or adequacy of this announcement. Any representation to the contrary is a
criminal offence in the United States.

In the European Economic Area (the "EEA"), this announcement is addressed only
to and directed only at, persons in member states who are "qualified investors"
within the meaning of Article 2(e) of the Prospectus Regulation (Regulation
((EU) 2017/1129) ("Qualified Investors"). 

In the United Kingdom, this announcement is being distributed only to, and is
directed only at, persons who: (A) (i) are "investment professionals" specified
in Article 19(5) of the Financial Services and Markets Act (Financial Promotion)
Order 2005 (the "Order") or (ii) high net worth entities falling within Article
49(2)(a) to (d) of the Order or (iii) are other persons to whom it may otherwise
lawfully be communicated