Reference is made to Havyard Group ASA's (the "Company") stock exchange notice
dated 20 May 2022 regarding an agreement for the acquisition of the shares in HG
Group AS. 

All closing conditions in regards to the transaction have been satisfied, and
the transaction has now been completed by the Company taking over the shares in
HG Group AS.
 
The share capital increase in connection with the issuance of settlement shares
to the sellers of HG Group AS was registered today. 47,206,166 new shares have
been issued, and the new share capital is now NOK 3,599,365.80 consisting of
71,987,316 shares, each with a par value of NOK 0.05.

The new shares are delivered on a separately unlisted ISIN and will not be
admitted to trading until the Company has listed an Exempted Document.

This information is subject to the disclosure requirements in accordance with
the Rulebook II section 4.2.5.5, cf. section 5-12 of the Securities Trading Act.