Havilafjord Holding 2 AS agreed to acquire 18.48% stake in Fjord1 ASA (OB:FJORD) from Perestroika AS for approximately NOK 880 million on May 13, 2020. As part of the acquisition, Havilafjord Holding 2 AS will purchase 18.5 million shares of Fjord1 for NOK 47.5 per share. Following this acquisition, Havila Holding AS, through Havilafjord AS, Havilafjord Holding AS and Havilafjord Holding 2 AS, will hold a total of 84.96 million shares of Fjord1, representing approximately 84.96% of the share capital of Fjord1. Following completion of the transaction, Perestroika will no longer hold any shares or votes in Fjord1 ASA. Havila Holding AS has secured funding for the acquisition from funds managed by Vision Ridge Partners, and following completion of the acquisition they will together and on an acting in concert basis hold 88.81 million shares in Fjord1, representing approximately 88.81% of the outstanding shares and share capital of Fjord1. Havilafjord Holding 2 AS completed the acquisition of 18.48% stake in Fjord1 ASA (OB:FJORD) from Perestroika AS on May 14, 2020.