Hunter Group ASA - Hunter Laga Delivered

Oslo, 1 November 2019

Hunter Tankers AS (the “Company”), a wholly owned subsidiary of Hunter Group ASA, is pleased to announce that the delivery process of “Hunter Laga” (NB No. 5460) was sucessfully completed today at 0700 CET.  Hunter Laga is the third of seven identical ECO design VLCC newbuildings from Daewoo Shipbuilding & Marine Engineering ("DSME") in South Korea. The remaining four vessels is scheduled to be delivered between March and July 2020. All seven of the Company's VLCCs are built to the highest standards and will be fitted with scrubbers.

With reference to the sale-and-leaseback transaction announced on 6 September 2019, Hunter Laga was upon delivery from DSME subsequently delivered to and immediately bareboat chartered back from Ship Finance International Limited.

Hunter Laga will join Hunter Atla and Hunter Saga in the Tankers International Scrubber Pool, and will commence trading in the spot market.

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.