HAFNIA LIMITED: Award of shares and share options

30 April 2020

The Board of Directors of Hafnia Limited (the "Company") has approved the award
of shares and share options to the senior management of the Company under the
Company's bonus and long-term incentive plan.

Mikael Skov, CEO, has been awarded 1,357,632 options and 55,807 shares. After
the award of the options and the shares, Mikael Skov holds a total of 2,730,264
share options and 826,468 shares.

Perry van Echtelt, CFO, has been awarded 296,112 share options. After the award
of the share options, Perry van Echtelt holds a total of 592,224 share options
and 40,285 shares.

The options will vest three years from the award date and expire six years after
the award date. The strike price at the award date for the options awarded in
2020 is NOK 23.81. 

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For further information, please contact:

Mikael Skov
CEO Hafnia Limited
+65 6971 8001


About Hafnia:

Hafnia is one of the world's leading oil product tanker owners and operators.
The Company provides transportation of oil and oil products to leading national
and international oil companies, major chemical companies, as well as trading
and utility companies. Hafnia operates a fleet of 177 vessels in pools including
newbuilds, of which 102 are owned or chartered-in including six owned LR2s, 27
owned and 9 chartered-in LR1s, 41 owned and six chartered-in MRs and 13 owned
Handy vessels. The Company has a net asset value in the excess of USD 1bn and is
fully financed with a strong balance sheet providing financial flexibility.

Hafnia has a solid history in chartering, operations and technical management
and strive to always offer customers the best solution for their transportation
needs. This solution-focused approach has resulted in a strong reputation and
the Company remain firmly committed to being a responsible member of the
industry and operating according to the highest ethical standards. Hafnia is a
global company with offices in Singapore, Copenhagen and Houston and presence in
Mumbai.

The Company is part of BW Group, an international shipping group that has worked
in oil and gas transportation, floating gas infrastructure, environmental
technologies and deep-water production for over 80 years.