HAFNIA LIMITED: Program to repurchase shares

25 February 2020

The board of directors of Hafnia Limited ("Hafnia" or the "Company") has
resolved to authorise Hafnia's
management to, at its discretion, initiate a share repurchase program under
which the Company may
repurchase up to 7,193,407 common shares representing up to 1.9% of the total
number of issued and
outstanding shares in the Company for a total consideration of up to USD 20
million (equivalent to
approx. NOK 187.3 million based on the USD/NOK exchange rate quoted by the
Central Bank of Norway
on 24 February 2020). Any shares acquired under the buy-back program will be
used towards the
Company's 2019 and 2020 long-term share incentive plan for executive management.

The shares will be purchased in the open market as well as potentially through
private offerings. The
highest price to be paid per share will in no event exceed the prevailing market
price for the Hafnia
shares on the relevant trading day.

The board of directors has authorised management to repurchase shares from 25
February 2020 up
until and including 24 May 2020. Any shares purchased will be held in treasury
until used for the above
purpose.

Any repurchases will be conducted in accordance within applicable safe harbour
conditions, and as
further set out inter alia in the Norwegian Securities Trading Act of 2007, EU
Commission Regulation
(EC) No 2273/2003 and the Oslo Stock Exchange's Circular on buy-backs of own
shares and price
stabilisation 2/2008.

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For further information, please contact:
Mikael Skov
CEO Hafnia Limited
+65 6971 8001