Reference is made to the stock exchange announcement of 21 November 2021 on the
initiation of a repurchase program, where the board of HAV Group ASA ("HAV" or
the "Company") decided to initiate a repurchase of up to 3,500,000 own shares in
the period from the announcement until 1 May 2022.

The repurchases are carried out in accordance with the authorization granted to
the board by the Company's annual general meeting held on 27 May 2021. Pursuant
to the authorization, the board may acquire up to 3,500,000 of the Company's own
shares for a minimum of NOK 1 and a maximum of NOK 50 per share. The
authorization is valid until the annual general meeting on 30 May 2022.

As of today, HAV has repurchased approximately 1,300,000 own shares, which are
continuously informed about through the publication of transactions made under
the repurchase program. As a result, approximately 2,200,000 shares remain on
the authorization.

On this basis, the Board has decided to extend the repurchase program until and
including 30 May 2022. However, the repurchase program can be canceled at any
time, and the Company may decide to terminate the repurchase program before the
threshold stated above is reached. 

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.