Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 26 November 2021 regarding the initiation of a repurchase
program of up to 3,500,000 own shares. The repurchase program can be implemented
in the period up to 1 May 2022.

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)        (NOK)
17.01.22       15.000       13,7622             206.433,00
18.01.22       15.357       13,7870             211.726,96
19.01.22       15.000       13,8860             208.290,00
20.01.22       15.000       13,8243             207.364,50
21.01.22       15.000       13,7880             206.820,00
24.01.22       15.000       13,9560             209.340.00 
25.01.22       10.888       12,8878             140.322,37     

Total previously published repurchases under the program:

              204.643       14,4384           2.954.717,23
            
Total repurchases under the program:

              305.888       14,2046           4.345.014,06

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.

Following the completion of the above transactions, HAV owns 305.888 own shares
in the Company, corresponding to 0,87% 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.