Hunter Group ASA - New share capital registered on a temporary unlisted ISIN, pending prospectus approval

Oslo, 6 February 2024

Hunter Group ASA (the "Company") refers to the private placement announced on 10 January 2024 of 70,857,143 new shares (the "New Shares"), at a subscription price of NOK 1.75, raising gross proceeds of approximately USD 12 million (the "Private Placement"). The share capital increase pertaining to the issuance of the New Shares has today been registered with the Norwegian Register of Business Enterprises (Foretaksregisteret). The Company's new share capital is NOK 4,357,411 (rounded), divided into 113,958,577 shares, each with a nominal value of NOK 0.038 (rounded). The New Shares will be recorded on a temporary ISIN pending approval of a prospectus by the Financial Supervisory Authority of Norway (Finanstilsynet) and will NOT be listed or tradable on Oslo Euronext Expand until the prospectus has been published.

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 the disclose requirements pursuant to Oslo Rulebook II section 4.2.5.5 (4) and section 5-12 of the Norwegian Securities Trading Act.