HAVILA SHIPPING ASA - NEW PSV ORDERED AT SIMEK

The board of directors have decided to order a new PSV with Havyard
832 CD design with Simek.
The contract is entered into to fulfil the obligation toward a 5
years contract with Maersk and is done to preserve the strong
relationship with Maersk generated through many years of cooperation.

The vessel will be delivered during third quarter 2010 and will then
immediately start working on the Maersk contract.

The reason for contracting is that the delivery of the vessel
originally contracted for the Maersk contract, is strongly delayed.

Contact:
CEO Njål Sævik  (+47) 909 35 722
CFO Arne Johan Dale (+47) 909 87 706