Hunter Group ASA – Mandatory notification of trade

Oslo, 13 June 2018:

Reference is made to the Hunter Group ASA’s (the “Company”) extraordinary general meeting as of 13 June 2018, whereby the general meeting resolved the private placement with gross proceeds of NOK 520,000,000 (the "Secondary Private Placement"), and subsequent offering with aggregate gross proceeds of up to NOK 52,000,000 (the “Subsequent Offering”).

Notice is hereby given that as an effect of the Secondary Private Placement, Apollo Asset Limited, a company controlled by the Company’s board member Mr. Arne Fredly, has today subscribed for and been allocated 31,250,000 shares in the Company, at a price of NOK 3.20 per share. After completion of the Secondary Private Placement Apollo Asset Limited will own 99,925,607 shares, corresponding to 27,1% of the share capital of the Company before the Subsequent Offering.

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, +47 957 72 947, ef@huntergroup.no  

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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