Hunter Group ASA - Exercise of options by primary insiders

Oslo, 14 February 2023

Primary insiders and other employees of Hunter Group ASA (the “Company”) has today exercised options to purchase a total of 7,850,000 options at an average exercise price of negative NOK 1.33 per share (the “Strike Price”). The exercised options will be settled by transfer from the Company’s treasury shares. Following the transaction, the Company will own 362,826 of its own shares.

Sagittarius Capital Ltd, a company wholly owned by primary insider Mr. Erik Frydendal, CEO of the Company, has today exercised options to purchase 4,000,000 shares in the Company at the Strike Price. Following the transaction, Mr. Frydendal, including entities controlled by Mr. Frydendal, owns 38,983,333 shares and zero options in the Company, corresponding to 6.78% of the outstanding shares in the Company.

Lama Global AS, a company wholly owned by primary insider Mr. Lars Brynildsrud, CFO of the Company, has today exercised options to purchase 1,750,000 shares in the Company at the Strike Price. Following the transaction, Mr. Brynildsrud, including entities controlled by Mr. Brynildsrud, owns 35,098,733 shares and zero options in the Company, corresponding to 6.10% of the outstanding shares in the Company.

Primary insider Mr. Sujoy Seal, COO of the Company, has today exercised options to purchase 2,000,000 shares in the Company at the Strike Price. Following the transaction, Mr. Seal owns 35,458,334 shares and zero options in the Company, corresponding to 6.16% of the outstanding shares in the Company.

This information is subject to the disclosure requirements pursuant to MAR article 19 and section 5-12 of the Norwegian Securities Trading Act.