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Hunter Group ASA - Sale of Hunter Laga completed

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Oslo, 23 November 2020

Reference is made to the 29 October 2020 announcement made by Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group ASA, regarding the sale of Hunter Saga and Hunter Laga.

The Company is pleased to announce that it has concluded the sale of Hunter Laga and delivered her to her new owners. Delivery of Hunter Saga is expected during December.

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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