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Hunter Group ASA - Market Update

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23 October 2020

Hunter Idun has been fixed on a 4-6 month time charter ("TC") at USD 30,000 per day. The TC will commence in December, on a back to back basis following the end of the current TC.

The TC contributes to a further de-risking of future cash flows, and secures TC coverage into Q2 2021.  With four vessels on TC and three vessels operating in the spot market we believe Hunter Tankers is well positioned going forward. 

As of today, 80% of available vessel days for the second half of 2020 have been booked at USD 56,000 per day.

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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