Hafnia is in advanced negotiations regarding the acquisition of 12 modern LR1 tankers

Singapore - 20 January 2022

In response to market rumours, Hafnia Limited ("Hafnia", the "Company", OSE ticker code: "HAFNI") can confirm that the Company is in advanced negotiations with Scorpio Tankers Inc regarding the acquisition by Hafnia of 12 modern LR1 tankers, against cash consideration.

Hafnia will provide further information in due time.

This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 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 Thomas Andersen, EVP Investor Relations, Research and Performance Management at Hafnia, at the date and time as set out above.

About Hafnia:
Hafnia is one of the world's leading oil product tanker owners and operators. The Company provides transportation of oil and oil products to leading national and international oil companies, major chemical companies, as well as trading and utility companies.

Hafnia commercially operates a fleet of 198 vessels. Among them, 108 are owned or chartered-in, including 10 owned LR2s, 34 owned and chartered-in LR1s, 52 owned and chartered-in MRs and 12 owned Handy vessels. This excludes the CTI fleet, for details, please see press release as 11 November 2021.

Hafnia is a global company with offices in Singapore, Copenhagen, Houston and Mumbai. The Company is affiliated with BW Group, an international shipping group that has worked in oil and gas transportation, floating gas infrastructure, environmental technologies, and deep-water production for over 80 years.

Hafnia press release