Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 24 May 2023 regarding the continuation of the repurchase
program of up to 7,000,000 own shares. The Company may however 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 continuation of the repurchase program is based on the new authorizations
given to the board by the Company's annual general meeting held on 24 May 2023.
The repurchase program can be implemented in the period until the annual general
meeting in 2024, but no longer than until 30 June 2024.

The following repurchases have been made in accordance with the "safe harbor"
rules, which includes a limitation of 25% of the average daily volume traded in
the last 20 trading days:

Date              Volume          Average price     Total cost (NOK)

09.02.24          3.000           10,8917                  32.675,10
12.02.24          3.000           10,7083                  32.124,90
13.02.24          1.350           10,7056                  14.452,56
14.02.24          3.115           11,0237                  34.338,83
15.02.24          3.500           11,1929                  39.175,15
16.02.24          2.000           11,3625                  22.725,00
19.02.24          6.301           11,4146                  71.923,39

Total previously published repurchases under the program:
                
              4.457.120           12,3899              55 161 388,46

Total repurchases under the program:
                
              4.474.386           12,3836              55 408 803,39

A detailed overview of all completed transactions under the repurchase program
carried out during the above time period is attached hereto and available at
www.newsweb.no.

At present date, HAV owns 3.460.205 treasury shares in the Company,
corresponding to 9.89 % of HAV's share capital.

For further information, please contact:
Gunnar Larsen, CEO
Tel: +47 90 10 56 94
Email: gunnar.larsen@havgroup.no 
 
This information is published in accordance with the Market Abuse Regulation
(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)
2016/1052, and is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.