Dear Shareholder 

The Annual General Meeting (the “2020 AGM”) of Hafnia Limited (the “Company’)
will be held at Washington Mall Phase 2, 4th Floor, Suite 400, 22 Church Street,
HM 1189, Hamilton HM EX, Bermuda on Friday, 22 May 2020 at 11 a.m. (local time).
 
The matters to be considered at the 2020 AGM are identified in the attached
Notice of the 2020 AGM. 

In accordance with Section 84 of the Bermuda Companies Act 1981, the audited
consolidated financial statements of the Company for the year ended 31 December
2019 will be presented at the 2020 AGM.  These statements were approved by the
Board of Directors of the Company on 24 February 2020. There is no requirement
under Bermuda law that such statements be approved by the Members, and no such
approval will be sought at the 2020 AGM. The Company’s audited consolidated
financial statements and the auditor’s report are included in the Company’s
Annual Report which is available on the Company’s website at
http://www.hafniabw.com.

According to the Company’s Bye-laws, the Directors of the Company are designated
as either Class I Directors or Class II Directors for the purpose of retirement
by rotation.  At the 2019 AGM, the Class I Directors were re-appointed to serve
until the conclusion of the 2021 AGM. The Class II Directors are up for election
at the 2020 AGM and it is recommended that the Class II Directors be re-elected
to serve until the conclusion of the 2022 AGM. It is also recommended that the
number of Directors of the Company shall continue to be up to eight. It is
further recommended that the Chairman be re-appointed for the ensuing year in
accordance with the Company’s Bye-laws.

The Board of Directors in previous year has requested that the Members authorise
the Board to fill any vacancy in the number of Directors left unfilled as is
customary for Bermuda companies and provided for in the Company’s Bye-laws. 
However, the Board has determined that it would be in the Company’s interest not
to seek such an authorisation this year and further recommends that the Members
approve an amendment to the Company’s bye-laws to remove the related bye-law.

According to the Company’s Bye-laws, the Company may have a nomination committee
appointed by the Members of the Company which shall, among other matters,
recommend candidates for the Board as well as the remuneration of the members of
the Board. It is recommended that a nomination committee be established
comprising Mr. Andreas Sohmen-Pao (Chairman), Mr. Bjarte Bøe and Ms. Elaine Yew
Wen Suen. It is further recommended that the guidelines for the nomination
committee, a draft copy of which is available on the Company’s website at
http://www.hafniabw.com, be adopted by the Members.  The profiles of Mr. Bøe and
Ms. Yew are provided below:

Mr. Bjarte Bøe (born 1957) has over thirty years of experience in the finance
industry. He currently serves as a Director of Hermitage Offshore, a NYSE listed
company and Agera Venture, a Norwegian venture capital company. Mr. Bøe is a
member of the Nomination Committee of BW Offshore Limited. Mr. Bøe is Chairman
of the Investment Committee at SEB Venture Capital, a subsidiary of
Skandinaviska Enskilda Banken AB (publ), or SEB, a Nordic financial services
group, where from 1995 to June 2019, he held a range of management positions.
Mr. Bøe most recently served as Head of Shipping and Offshore Finance at SEB,
and was Global Head of Investment Banking at SEB Stockholm between 2012 and
2016. Mr. Bøe previously held various other bank related management positions at
Christiania Bank between 1986 and 1995, a Norwegian bank that later merged with
MeritaNordbanken to become Nordea, and was a shipbroker at R.S. Platou between
1983 and 1986. Mr. Boe has an MBA from the Norwegian School of Economics and
Business Administration, graduated in 1983.

Ms. Elaine Yew Wen Suen (born 1967) is a Senior Partner in Egon Zehnder, one of
the world's largest executive search and talent strategy firm. Ms. Yew’s focus
is on CEO and C-suite succession planning, and board effectiveness. Ms. Yew also
advises clients on CEO development, top team effectiveness, and organizational
culture.  Before joining the firm, Ms. Yew led an industry change program while
at Global Freight Exchange, the world's first Internet-based global marketplace
for air cargo. Prior to that, Ms. Yew was Executive Director with Goldman Sachs
in the European Equities Division and was a Consultant with Monitor Company. Ms.
Yew started her career with the Singapore Economic Development Board, helping
Singapore companies develop their presence in Indochina and Myanmar in the early
1990s. Ms. Yew currently serves on the Board of Trustees of the National
University of Singapore and chairs the Industry Advisory Board of NUS’ Centre
for Future-Ready Graduates. Ms. Yew also serves on the Board of Governors of the
Convent of the Holy Infant Jesus group of schools in Singapore, the Board of
Workforce Singapore and the Advisory Board of Women’s Forum Singapore.  Ms. Yew
is also a member of the Asia Advisory Board of Allianz and sits on the board of
The Majurity Trust and chairs the Tangent Initiative. Ms. Yew has a BA with
Honours in English and Drama from the University of Kent and an MBA from INSEAD
in Fontainebleau, France.

The Bye-laws of the Company provide that the Directors’ fees shall be determined
by the Members in general meeting. It is proposed that the Directors be paid the
fees in respect of the services rendered by them for the period from the 2020
AGM to the 2021 AGM as detailed in the Notice of the 2020 AGM. The Nomination
Committee further proposes that the Nomination Committee members be paid for
their services and that each member be paid a remuneration of USD 2,500 for
services rendered for the period from the 2020 AGM to the 2021 AGM.

The Audit Committee of the Board of Directors is charged with the responsibility
to recommend the appointment of the Company’s external auditors. In this
connection, the Audit Committee has recommended that KPMG LLP be re-appointed as
the Independent Auditors of the Company. Consistent with the Company’s Bye-laws,
it is proposed that the Board of Directors be authorised to determine the
remuneration of KPMG LLP. 

Enclosed with this mailing is the Notice of the 2020 AGM, together with an
Attendance Slip and a Form of Proxy for your Common Shares to be represented at
the 2020 AGM. 

Members registered in the branch register of the Company maintained by
Verdipapirsentralen ASA (the VPS) at the close of business on 18 May 2020 will
be entitled to attend and vote at the Annual General Meeting in respect of the
number of Common Shares registered in their name at such time.  

Members who wish to attend the 2020 AGM in person must give notice by no later
than 20 May 2020 at 10:00 am (Oslo time). Members attending in person are
required to complete the Attendance Slip and submit the same to DNB Bank ASA.  A
Member entitled to vote at the 2020 AGM is entitled to appoint a proxy to attend
and to vote in its place. A Member appointing a proxy must complete the Form of
Proxy and submit the same to DNB Bank ASA.     

Please submit the Attendance Slip and/or the Form of Proxy to DNB Bank ASA,
Registrars Department, Dronning Eufemias gate 30, 0191 Oslo, Norway, or by PDF
attachment to   vote@dnb.no.

The Board of Directors recommends that you vote in favour of all the matters to
be considered at the 2020 AGM. 

Singapore, 30 April 2020


On behalf of the Board of Directors

Mr. Andreas Sohmen-Pao
Chairman of the Board

Enclosures:
1.	Notice of the 2020 AGM
2.	Attendance Slip
3.	Form of Proxy