Hunter Group ASA - Last day of the subscription period in the Subsequent Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, 6 July 2018: Reference is made to the previous announcements by Hunter Group ASA (the "Company") relating to the subsequent offering (the "Subsequent Offering") of up to 16,250,000 new shares (the "Offer Shares"), each with a nominal value of NOK 1.25 at a subscription price of NOK 3.20 per Offer Share (the "Subscription Price"), for total gross proceeds of up to NOK 52,000,000, and the prospectus dated 11 June 2018 for the Subsequent Offering and the listing of the Offer Shares (the "Prospectus").

The subscription period for the Subsequent Offering (the "Subscription Period") will expire today, 6 July 2018 at 16:30 (CET). Subscriptions for Offer Shares must be made within this deadline by submitting a correctly completed subscription form to one of the subscription offices as set out in the Prospectus, or may, for subscribers who are residents of Norway with a Norwegian personal identification number, be made online through the VPS online subscription system.

Subscription rights that are not used to subscribe for Offer Shares before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.

Clarksons Platou Securities AS, DNB Markets, Fearnley Securities AS and Pareto Securities AS are acting as managers for the Subsequent Offering. For further details on the terms of the Subsequent Offering, please refer to the Prospectus, which is, subject to regulatory restrictions in certain jurisdictions, available at the following websites: www.securities.clarksons.com, www.dnb.no/markets, www.fearnleysecurities.no, and www.paretosec.com.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Erik A.S. Frydendal/CEO

ef@huntergroup.no

Ph. +47 957 72 947

About Us

Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 7 high spec VLCC's with scrubbers under construction at DSME in Korea.

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