The subsidiary Norwegian Electric Systems AS has been chosen by Fjord1 ASA as
system integrator for three ferries that will be converted for battery operation
and zero emissions, including delivery of four land-based charging stations.

Going forward, the parties will work closely together to optimize the delivery
for the most energy-efficient operation possible, towards final contracts in
connection with the choice of shipyard to perform the conversion work. 

For further information, please contact: 

Gunnar Larsen (CEO) 
gunnar.larsen@havgroup.no 
+47 90 10 56 94

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation (MAR) and is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act.

This stock exchange announcement was published by Daniel Kopperstad, Head of
Legal Affairs, on 10 June 2021.