19 January 2024 - Reference is made to the stock exchange announcement dated8 January 2024 .HAV Group's ship design business has been chosen to develop an offshore wind service operation vessel (SOV) for international SOV operator and ownerESVAGT . The final contract has now been signed withESVAGT's chosen shipyard inTurkey . Under the contract,HAV Group's ship design business will deliver both the ship design and a large integrated equipment package including propulsion system, engines, propellers and positioning system. One of the subcontractors for the equipment package isHAV Group subsidiary Norwegian Electric Systems. The total contract value is in excess ofNOK 100 million . "This is the 12th SOV that we will develop together withESVAGT , who pioneered the use of SOVs back in 2010. We are well aware ofESVAGT's high quality requirements and look forward to extending our long-standing close cooperation with another newbuild SOV," says Gisle Vinjevoll Thrane, vice president of sales at HAV Design. The main purpose of the SOV is to safely transfer technicians and spare parts to and from wind turbines and offshore substations. The SOV also provides accommodation for technicians, welfare facilities, offices, workshops and storage for turbine parts. The vessel will be built atCemre Shipyard inTurkey . Once completed, the SOV will support Vestas' operations on the Hollandse Kust West VI project in the Dutch sector of theNorth Sea . "We are highly familiar with the challenges of getting personnel safely from vessels to offshore wind turbines. That is also why we again nominate the design of this high-profile SOV to HAV Design that we trust. We know this vessel design well and the high-quality benefits it brings to customers and crews," saysKristian Ole Jakobsen ,ESVAGT's Deputy CEO.ESVAGT is a provider of safety and support at sea and a market leader within offshore wind solutions and oil and gas services. The company has a fleet of more than 40 specialized vessels and approximately 1,300 employees offshore and onshore. The company is recognized as the market leader and largest operator of SOVs inEurope .HAV Group's contract party is HAV Design AS, which is headquartered in Fosnavåg,Norway . (ENDS) For further information, please contact:Gunnar Larsen , CEO gunnar.larsen@havgroup.no +47 901 05 694 AboutHAV Group | www.havgroup.noHAV Group and its subsidiaries (together: "HAV Group ") is an international provider of technology and services for maritime and marine industries.HAV Group has several decades of industry experience, in addition to special expertise in guiding the marine and maritime industries through the green shift and towards the goal of zero emissions.HAV Group ASA is listed on Euronext Growth under the ticker code HAV.
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