HAFNIA LIMITED: Transactions made under share buyback program

Reference is made to the stock exchange announcement made by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on December 2, 2024, of the launch of Hafnia’s program to repurchase up to 18,000,000 of the Company’s shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, “Pareto”).

For the period from and including December 2, 2024, through December 6, 2024, the Company purchased a total of 2,780,000 shares at an average price of USD 5.59 per share. Please find below for a transaction overview.

Date

Trading

Venue

Aggregated daily volume

(number of shares)

Weighted average share

price (USD)

Total daily transaction

value (USD)

Dec 2, 2024

OSE

235,000

5.57

1,309,575

Dec 2, 2024

NYSE

380,000

5.62

2,134,498

Dec 3, 2024

OSE

220,000

5.69

1,252,469

Dec 3, 2024

NYSE

375,484

5.82

2,184,115

Dec 4, 2024

OSE

270,000

5.84

1,575,749

Dec 4, 2024

NYSE

384,516

5.81

2,235,461

Dec 5, 2024

OSE

250,000

5.33

1,332,820

Dec 5, 2024

NYSE

-

-

-

Dec 6, 2024

OSE

265,000

5.29

1,402,291

Dec 6, 2024

NYSE

400,000

5.27

2,109,320

Period total

 

OSE

1,240,000

5.54

6,872,903

 

NYSE

1,540,000

5.63

8,663,394

 

Total

2,780,000

5.59

15,536,297

Previously disclosed buy-back under the program (accumulated)

 

OSE

-

-

-

 

NYSE

-

-

-

 

Total

-

-

-

Accumulated under the buy-back program

 

OSE

1,240,000

5.54

6,872,903

 

NYSE

1,540,000

5.63

8,663,394

 

Total

2,780,000

5.59

15,536,297

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 3,282,358 of its own shares, corresponding to 0.64% of Hafnia’s total issued share count.

Appendix:

An overview of all transactions made under the program that have been carried out during the above-mentioned period is attached to this report and available at www.newsweb.no.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.

About Hafnia Limited:

Hafnia is one of the world's leading tanker owners, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies, as well as trading and utility companies.

As owners and operators of around 200 vessels, we offer a fully integrated shipping platform, including technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia has offices in Singapore, Copenhagen, Houston, and Dubai and currently employs over 4000 employees onshore and at sea.

Hafnia is part of the BW Group, an international shipping group involved in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241208787290/en/

For further information, please contact:

Mikael Skov CEO Hafnia Limited [phone]