HUNTER GROUP ASA - MANDATORY NOTIFICATION OF TRADE

Oslo, 10 April 2018 

This stock exchange announcement is made pursuant to section 5-2 of the Norwegian Securities Trading Act.  

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MANDATORY NOTIFICATION OF TRADE

Reference is made to the Hunter Group ASA’s (the “Company”) Stock Exchange Notice as of 29 March 2018 at 10:54 (the “OSE Notice”), whereby Apollo Asset Limited has entered into an agreement with Dynamo Management AS, Lingtech AS, Resonans Invest AS, Initi AS, GEM Invest AS, GEB Holding AS, Innovatio AS, Hundvaag Holding AS, Per Sande AS, Arne Kristoffer Rødeseike, Einar Christian Gulbrandsen, Jone Haaland, Stian Lode, Katrin Enstad Anglevik, Frode Rabben, Kjen AS, Brit Sømme and Anne Hodne Buer (together referred as the “Dwellop Founders”) regarding reorganization and change of the share ownership in the Company. Pursuant to the agreement, Apollo Asset Limited and the Dwellop Founders have agreed on a transaction structure where the intention is to separate/demerge the wholly owned subsidiary Dwellop AS (“Dwellop”) from the Company.

Notice is hereby given that as an effect of such agreement, Apollo Asset Limited, company controlled by the Company’s board member Mr. Arne Fredly, today has entered into agreements to acquire 17,444,000 shares in the Company, at a price of NOK 2.30 per share. Including 26,231,602 shares previously held, Apollo Asset Limited will have an aggregate holding of 43,675,602 shares in the Company, corresponding to 33.29% of the share capital of the Company.

Dynamo Management AS, a company controlled by Helge Hustoft, a primary insider in Hunter Group ASA, has today sold 5 550 758 shares for NOK 2.30 per share. After the transaction Dynamo Management AS will hold 344 501 shares in Hunter Group ASA.

GEB Holding AS, a company controlled by Geir Berge, a primary insider in Hunter Group ASA, has today sold 1 921 420 shares for NOK 2.30 per share. After the transaction GEB Holding AS will hold any shares in Hunter Group ASA.

GEM Invest AS, a company controlled by Endre M. Gaard, a primary insider in Hunter Group ASA, has today sold 1 921 420 shares for NOK 2.30 per share. After the transaction GEM Invest AS will not hold any shares in Hunter Group ASA.

Lingtech AS, a company controlled by Martin Lingsten, a primary insider in Hunter Group ASA, has today sold 1 921 420 shares for NOK 2.30 per share. After the transaction Lingtech AS will hold 260 000 shares in Hunter Group ASA.

Resonans Invest AS, a company controlled by Anne Brit Børresen Sterri, a primary insider in Hunter Group ASA, has today sold 1 921 420 shares for NOK 2.30 per share. After the transaction Resonans Invest AS will hold 60 000 shares in Hunter Group ASA.

Arne Kristoffer Rødeseike, a primary insider in Hunter Group ASA, has today sold 390 869 shares for NOK 2.30 per share. After the transaction Rødeseike will not hold any shares in Hunter Group ASA.

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www.huntergroup.no

For further information, please contact:

Henrik A. Christensen, Chairman, +47 909 67 683, henrik@rosom.no

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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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