Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 30 May 2022 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 30 May 2022.
The repurchase program can be implemented in the period until the annual general
meeting in 2023, but no longer than until 30 June 2023.

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)
01.06.22       11.045        15,4372             170.503,87
02.06.22       11.585        15,1600             175.628,60
03.06.22       11.630        15,1800             176.543,40
07.06.22       14.000        14,6305             204.827,00
08.06.22       12.397        14,8315             183.866,11
09.06.22       12.221        14,8477             181.453,74
10.06.22        2.774        14,4567              40.102,89

Total previously published repurchases under the program:

            1.501.000        15,4057          23.123.954,44 
      
Total repurchases under the program:

            1.576.652        15,3851          24.256.880,05  
     
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 770.979 treasury shares in the Company, corresponding
to 2,20% 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.