1 July 2025 - HAV Group's ship design division has been selected as the design
provider for a new live fish carrier for Norwegian aquaculture logistics
operator North Salmon Service (NSS).

The vessel, featuring a fish well capacity of 5,000 cubic metres, is based on
the newly developed HAV 595 design - a versatile platform tailored to meet a
wide range of operational requirements.

"NSS and our customers - Nova Sea and Salten Aqua - have focused on ordering a
vessel that is future-oriented and delivers on the customers' high demands for
biosecurity and fish welfare. NSS has together with HAV Design chosen a ship
design that is flexible and adaptable to alternative energy sources. We have at
the same time focused on reducing the vessel's fuel consumption," says Arnt
Erling Paulsen, managing director of North Salmon Service.

The HAV 595 design supports a wide range of live fish operations, including
transport and sorting. It offers greater operational capacity than current
industry standards and sets new benchmarks in biosecurity, fish welfare,
cost-efficiency, and environmental performance. 

HAV Design will commence work immediately and expects to complete the majority
of the design and engineering work by the end of 2025. The contract has been
booked as order intake in Q2 2025.

"Our HAV 595 enables more gentle and efficient handling and transport of salmon
and sea trout. The hull is energy-efficient and onboard systems are designed to
reduce overall energy use," says Jan Magne Goksøyr, Vice President Sales at HAV
Design.

He explains that the vessel is equipped with hybrid propulsion - including
variable-speed generator sets, DC distribution, and a large battery pack - which
reduces energy consumption, increases operational flexibility, and paves the way
for alternative energy sources. "We've worked closely with North Salmon Service
on this next-generation design, which can also be adapted for other owners," he
adds. 

The live fish carrier will have a total fish tank capacity of 5,000 cubic metres
and will be equipped with diesel-electric propulsion machinery, including a
large battery package
.
The vessel will be constructed at Fitjar Mekaniske Verksted in Norway.

HAV Group's contract party is HAV Design AS, based in Fosnavåg, Norway.

"This is a large live fish carrier with significant engineering scope during the
design phase. The project is therefore important for HAV Design's capacity
utilization in 2025. We are seeing increased activity in the aquaculture sector,
and projects like this demonstrate our competitiveness in the industry," says
Gunnar Larsen, CEO of HAV Group ASA.

(ENDS)

For further 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.