The board of HAV Group ASA ("HAV" or the "Company") has decided to continue the
repurchase program of own shares, in accordance with new authorizations given to
the board by the Company's annual general meeting held on 30 May 2022.

The purpose of the repurchase program will be to purchase shares that can be
used as settlement in any strategic acquisitions within the sectors in which the
Company operates, as well as in connection with share purchase program for
employees.

Pursuant to the authorizations, the board may in total acquire up to 7,000,000
of the Company's own shares for a minimum of NOK 1 and a maximum of NOK 50 per
share. However, the Company may only acquire treasury shares provided that the
total nominal value of the holding of treasury shares does not exceed 10% of the
Company's current share capital at any time, as of today corresponding to
3,500,000 shares.

The authorizations are valid until the annual general meeting in 2023, but no
longer than until 30 June 2023. The repurchase program can be implemented in the
corresponding period from this announcement.
 
The company has engaged Fearnley Securities AS to complete the repurchase. The
repurchase program may be discontinued at any time, and the Company may decide
to terminate the repurchase program before the threshold set forth above is
reached.

HAV owns 1 468 230 of own shares in the Company as of the date of this
announcement.
 
For further information, please contact:
Gunnar Larsen, CEO
Tel: +47 90 10 56 94
Email: gunnar.larsen@havgroup.no
 
This information is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.