Hunter Group ASA - Memorandum of Agreement

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 it's oldest vessel, Hunter Atla (2019 blt), 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.

About Us

Hunter Group ASA is a publicly traded investment company listed on the Oslo Axess. Hunter Group currently has 7 high spec VLCC's with scrubbers, of which four are under construction at DSME in Korea, and three have been delivered.

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