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Hunter Group ASA - Hunter Idun Delivered

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Oslo, 3 July 2020

Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that the delivery process of "Hunter Idun" (NB No. 5467) was successfully completed today at 0200 CET. Hunter Disen is the sixth of seven identical ECO design VLCC newbuildings from Daewoo Shipbuilding & Marine Engineering ("DSME") in South Korea. The Company's final newbuilding is scheduled to be delivered in August 2020. Hunter Idun commenced it's six-month time charter ("TC") immediately following delivery from the yard.

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 disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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