Havila Shipping ASA - Placement of new unsecured bond issue

Havila Shipping ASA has successfully completed a NOK 300 million
unsecured bond issue with maturity date 12 September 2012.
Settlement date is expected to be 12 September 2009. An application
will be made for the bonds to be listed on Oslo ABM as soon as
practically possible.

The proceeds will be used for general corporate purposes.

Arctic Securities and Pareto Securities acted as joint managers of
the new bond issue.


For further information, please contact:

Havila Shipping ASA
CEO Njål Sævik, phone +47 909 35 722
CFO Arne Johan Dale, phone +47 909 87 706