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Hunter Group ASA - Memorandum of Agreement

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Oslo, 23 February 2021

Hunter Tankers AS, a wholly owned subsidiary of Hunter Group ASA, has signed a Memorandum of Agreement for the sale of Hunter Atla for USD 84.5m to a Eurasian buyer. The vessel is expected to be delivered to its new owner during March.

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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