Hunter Group ASA - First quarter results 2024

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Oslo, 30 May 2024

Please see the enclosed report for further information.

Financial highlights - Q1 2024:

Total revenues USD 6.55m
Total operating expenses USD 0.66m
Operating profit USD 5.89m
Net profit USD 5.72m
Avg. spot-linked TC-out rate: USD 54,590/d
Avg. fixed TC-in rate: USD 54,260/d
Avg. TC-margin: USD 2,330/d
Vessel days: 108 / 108
Net TC-result: USD 251,770
Cash and working capital: USD 19.77m

Contact:

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

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

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

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