HAFNIA LIMITED: Transactions Made Under Share Buyback Program

SINGAPORE--(BUSINESS WIRE)--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 16, 2024, through December 20, 2024, the Company purchased a total of 3,258,014 shares at an average price USD 5.18 per share. Please find below for an transaction overview.

Date	Trading Venue	Aggregated daily volume (number of shares)	Weighted average share price (USD)	Total daily transaction value (USD)
Dec 16, 2024	OSE	280,000	5.32	1,490,309
Dec 16, 2024	NYSE	381,316	5.31	2,023,911
Dec 17, 2024	OSE	300,000	5.11	1,534,133
Dec 17, 2024	NYSE	410,000	5.17	2,120,602
Dec 18, 2024	OSE	230,000	5.18	1,190,413
Dec 18, 2024	NYSE	390,000	5.23	2,039,349
Dec 19, 2024	OSE	265,603	5.14	1,364,888
Dec 19, 2024	NYSE	390,000	5.15	2,007,798
Dec 20, 2024	OSE	234,397	5.05	1,184,141
Dec 20, 2024	NYSE	376,698	5.12	1,927,262
Period total
	OSE	1,310,000	5.16	6,763,885
	NYSE	1,948,014	5.19	10,118,922
	Total	3,258,014	5.18	16,882,807
Previously disclosed buy-back under the program (accumulated)
	OSE	2,450,000	5.45	13,347,592
	NYSE	3,428,684	5.50	18,852,582
	Total	5,878,684	5.48	32,200,174
Accumulated under the buy-back program
	OSE	3,760,000	5.35	20,111,477
	NYSE	5,376,698	5.39	28,971,504
	Total	9,136,698	5.37	49,082,981

The issuer's holding of repurchased shares:

Following the completion of the above transactions, the Company owns a total of 9,639,056 of its own shares, corresponding to 1.88% 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.