Hunter Group ASA - Exercise of warrants

Oslo, 6 October 2022

Reference is made to the warrants issued to Apollo Asset Limited (“Apollo”) by the General Meeting on 19 September 2022. Today, Apollo, a company owned by primary insider and board member Mr. Arne Fredly, has today exercised 15,000,000 warrants in Hunter Group ASA (the “Company”), giving right to 15,000,000 shares at an average unadjusted strike price of NOK 2.9 per share (adjusted strike price of minus NOK 0.40 per share). Apollo will receive the shares from the Company’s treasury shares, meaning no new shares will be issued and registered following the transaction. The total number of outstanding shares in the Company will remain 575,362,013 following the distribution, and the Company will own 4,762,826 of it's own shares. Apollo will own 183,500,000 shares and zero warrants in the Company. 

Contact:

Erik A.S. Frydendal, CEO, ef@huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb@huntergroup.no, Ph.: +47 932 60 882

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