HUNTER GROUP ASA - UPDATE APOLLO’S AGREEMENT WITH THE DWELLOP FOUNDERS

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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UPDATE APOLLO’S AGREEMENT WITH THE DWELLOP FOUNDERS

Reference is made to 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.

 The Board of the Company has today waived the existing lock-up and non-compete provisions for the Dwellop Founders, as set out in the OSE Notice section 4) (e).  

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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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