CEO statement

Despite high volatility in the product tanker market in the second quarter, I am
pleased to announce that Hafnia has delivered another strong result in Q2. We
achieved a net profit of USD 213.3 million, bringing our net profit in the first
six months of 2023 to USD 469.9 million. This notably propels Hafnia's total
profit to over USD 1 billion in the last 12 months. At the end of the quarter,
we have a net asset value (NAV) of approximately USD 3.5 billion, representing a
NAV per share of ~USD 7.0 (NOK 75.6).

I am happy to announce a 60% dividend pay-out of USD 0.2528 per share or USD
128.0 million (based on a net LTV ratio of 30.1%) for this quarter. This brings
Hafnia's total dividends in the last four quarters to USD 581.0 million,
representing a total payout ratio of 57.3%, further reinforcing our ability to
sustain and deliver strong shareholder returns.

Hafnia continues our efforts in transitioning towards a greener maritime sector,
and I am proud to share some exciting updates within our fleet during our second
quarter. We recently announced the conclusion of a joint venture agreement with
SOCATRA on our order of four dual-fuel Methanol Chemical IMO-II MR newbuilds,
constructed at Guangzhou Shipyard International (GSI) in China. Three of the
vessels will be scheduled for delivery in 2025, with the fourth in 2026. Upon
delivery, the vessels will be chartered out on long term time-charter
arrangements to our long-standing partner Total Energies.

This represents another step in Hafnia's decarbonization journey, and our first
venture into a future green methanol landscape - as an alternative marine fuel
with a net-zero trajectory. While this is Hafnia's first investment into
methanol as a fuel, this is not our first step in the dual-fuel sector. As part
of our Vista joint venture, we have in the second quarter already taken delivery
of our second of four LR2 LNG dual-fuelled newbuilds.

In line with our fleet renewal strategy,  we have also welcomed the delivery of
two MR IMO-II chemical vessels into our fleet during the quarter, as well as
another LR1 IMO-II chemical vessel in July. These acquisitions strengthen our
presence in the deep-sea chemical market and enable us to offer additional
sailings and increased flexibility to our valued partners and clients in the
segment.

Product tanker market conditions are expected to remain strong for the remainder
of the year. High refinery margins, a rebound in Chinese demand and declining
European product inventories are set to create a higher demand for product
tankers. Although contracting activities have recently started to increase for
delivery in 2026/27, supply will be tight in the coming years, and combined with
an ageing fleet, we expect higher utilization and stronger freight rates.  I
remain confident that the fundamentals continue to favour the product tanker
market.

As of 23 Aug 2023, we have for Q3 covered 78% of the earning days at an average
of USD 27,616 per day and 46% covered at USD 27,102 per day for the rest of
2023.

Looking ahead, I am optimistic that Hafnia continues to make the right steps in
our commitment to a greener future and in leveraging our strategically
positioned modern fleet. As always, I am grateful for the commitment of the
Hafnia team onshore and at sea, who set the course in the Hafnia way.

- Mikael Skov, CEO Hafnia