Hunter Group ASA – Receives Enova grant of up to NOK 100 million

Oslo, 23 May 2024

Hunter Group ASA, (the " Company") is pleased to announce that it has been awarded a grant of up to approx. NOK 100 million from Enova, the Norwegian state-owned enterprise established to promote a shift towards more environmentally friendly energy consumption and production. The grant has been awarded in connection with the potential construction of two next generation Commissioning Service Operation Vessels (“CSOV”), equipped with cutting edge maritime technology ensuring that the vessels can be efficiently operated with virtually zero emissions.

The potential project has been developed by Hunter Maritime Advisors (“HMA”), a wholly owned subsidiary of the Company, and will target the growing offshore wind industry.

If and when market conditions become favorable, the CSOV project will be developed on a standalone basis, completely separate from the Company’s current tanker chartering business.

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 stock exchange announcement is made pursuant to section 5-9 of the Norwegian Securities Trading Act.