HAV Design secures US offshore wind market breakthrough

CREST has chosen HAV Group ASA's subsidiary HAV Design to develop a newbuild
service operation vessel (SOV) destined for a US offshore wind project. 

The contract marks the US breakthrough for HAV Design, which becomes the first
European ship designer to develop an SOV for the US market.

"We have designed and developed numerous SOVs for use in demanding offshore
climates, but this is the first time we are designing a vessel for the US
market. We are confident in the operational benefits our vessel design brings to
the table, so we believe that this contract can open the door for further work
in the USA," says Gisle Vinjevoll Thrane, vice president of sales at
Norway-based HAV Design. 

Further information about the contract and the vessel will be provided after HAV
Design has signed the final contract with CREST's chosen shipyard. 

HAV Design, which is a subsidiary of HAV Group ASA, listed on Euronext Growth
Oslo, is headquartered in Fosnavåg, Norway.

For further information, please contact:
Gunnar Larsen, CEO
[e-mail]
[phone]

About HAV Group | www.havgroup.no 
The HAV Group is an international provider of technology and services for
maritime and marine industries, listed on Euronext Growth under the ticker code
HAV. The group comprises four subsidiaries with several decades of combined
experience in the industry, in addition to special expertise in guiding the
marine and maritime industries through the green shift and towards the goal of
zero emissions.

About HAV Design
HAV Design is at the forefront of guiding the shipping industry towards a
sustainable future at sea. With a proven track record of from more than 100 ship
designs, state-of-the-art know-how, and virtual design tools, HAV Design
accommodate zero-emission solutions and are equipped to meet the environmental
requirements of the future. 
Our experience and expertise, as well as our focus on efficiency, safety, and
sustainability, lays the foundation for developing and delivering high-quality
innovative solutions to customers in the seafood, energy, and transport sectors.

In addition, at HAV Ocean Lab we offer our customers a virtual test tank with
digital twins of ships and ocean areas, which is unique in a commercial context.
The goal is to minimise the environmental impact and increase our customers'
competitiveness.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Daniel Kopperstad, Head of Legal Affairs, on 17
January 2023 at 15:00 CET.

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