Hunter Group ASA - Long Term Incentive Plan Primary Insiders

Oslo, 24 March 2022

The board of directors in Hunter Group ASA (the "Company") today granted certain primary insiders in the Company options to buy a total of 2,050,000 shares in the Company in accordance with the terms set out in the Company's Long Term Incentive Plan. The LTI options shall vest on the date falling 12 months following the date of grant, with a strike price of NOK 2.80 per share.

LTI Options are granted to the following:

Sagittarius Capital Ltd., a company owned and controlled by Erik Andreas Frydendal, CEO of the Company, 1,000,000 LTI options. Following the award of the LTI options Erik Andreas Frydendal directly (150,000)/indirectly (1,500,000) controls 1,650,000 shares and 4,000,000 LTI options.

Lars M. Brynildsrud, CFO, 500,000 LTI options. Following the award of the LTI options Lars M. Brynildsrud controls 15,400 shares and 1,750,000 LTI options.

Sujoy Seal, COO, 500,000 LTI options. Following the award of the LTI options Sujoy Seal controls 125,000 shares and 2,000,000 LTI options.

Parthesh Gaikwad, Technical Director, 50,000 LTI options. Following the award of the LTI options Parthesh Gaikwad controls 100,000 LTI options.

Following the grant, there is a total of 7,800,000 options outstanding.

This stock exchange announcement is made pursuant to section 5-2 of the Norwegian Securities Trading Act. Oslo, 30 April 2020

For further information, please contact: Erik Frydendal, CEO Ph. +47 957 72 947 e-mail: ef@huntergroup.no