Havila Shipping ASA Boards approval of 2008 Financial Accounts

The Board of Directors of Havila Shipping ASA has in Board Meeting at
26. February approved the annual accounts for 2008.
Final account statement is identical with preliminary accounts except
for the tax calculation.

Deferred taxes are reduced by NOK 18,4m as a result of final tax
calculations for the underlying companies.

The board has decided to invite to Ordinary General Meeting at Havila
house on the 18. March 2009, at 14.00 hours.

Base don the uncertainties in the financial market and the company's
new build programmet the Board of Directors propose no dividend for
2008.

Contact:
CEO, Njål Sævik (047) 909 35 722
CFO, Arne Johan Dale (+047) 909 87 706