20 March 2024 - HAV Group's energy design and smart control systems business has
been contracted by Tersan Shipyard to act as system integrator and supply a
number of technologies to the four autonomous, zero-emission ferries that will
operate the Lavik-Oppedal crossing on the northwest coast of Norway.

Under the contract, the company will act as system integrator and provide
complete system deliveries for power system, automation and bridge design
including navigation and communication solutions for the four ferries. 
As part of its system integrator role and under this specific contract, HAV
Group's subsidiary will prepare the vessel for the delivery of autonomous vessel
technologies. It is also delivering an extended automation scope in order to
ready the vessel for future autonomous sailing and docking capabilities. 
  
"To be trusted with the system integrator role for what will become the world's
most advanced passenger ferries, is a proud moment for us. The equipment
deliveries that are part of this contract are highly familiar to us, having
supplied multiple similar zero-emission maritime technologies and solutions in
the past. We look forward to collaborating with Tersan Shipyard and Fjord1 on
this project," says Siv Remøy-Vangen, managing director of HAV Group's business
area for energy design and smart control systems.

The propulsion package, including switchboards, batteries, generators and
on-board charging solutions, has been carefully designed to secure reliable and
efficient vessel operations. All components work in harmony to optimise vessel
performance and reduce the vessels' environmental footprint. 

The maritime systems integrator, which specialises in energy design and smart
control systems, will utilise its three Norwegian facilities in Bergen,
Egersund, and Ålesund to design, assemble, and test equipment. The company's
office in Istanbul, Turkey, will supply part of the technical scope as well as 
commissioning support on board the vessels.
 
"This contract is of major importance to HAV Group. We are very thankful for the
opportunity to support Fjord1 in realising this groundbreaking project and to
help shape the future of maritime passenger transport," says Gunnar Larsen, CEO
of HAV Group.
 
In early March, HAV Group's ship design business, was contracted to deliver ship
design and an engineering package for all four autonomous ferries. 

The ship design is based on a future-oriented operating concept that ferry
operator Fjord1 has developed together with HAV Group's ship design business.
The ferries will be able to operate with autonomous navigation and a high degree
of automation of vessel functions that replace manual operations on board.

Lavik-Oppedal is a ferry route that crosses the Sognefjord, on the northwest
coast of Norway, from Lavik in Høyanger municipality to Ytre Oppedal in Gulen
municipality. The ferry crossing takes 20 minutes, and the route is 5.6
kilometres long. The four newbuild zero emission ferries will operate the route
from 1 September 2026 onwards. 

HAV Group's contract party for this latest award is Norwegian Electric Systems
AS. When all relevant agreements to the Lavik-Oppedal project have been signed,
HAV Group will indicate the total effect on the group's order book from these
agreements.

(ENDS)

For more information, please contact:
Gunnar Larsen, CEO
gunnar.larsen@havgroup.no
+47 901 05 694

About HAV Group | www.havgroup.no 
HAV Group and its subsidiaries (together: "HAV Group") is an international
provider of technology and services for maritime and marine industries. HAV
Group has several decades of industry experience, in addition to special
expertise in guiding the marine and maritime industries through the green shift
and towards the goal of zero emissions. HAV Group ASA is listed on Euronext
Growth under the ticker code HAV.