HUNTER GROUP ASA: RESULT OF THE SUBSEQUENT OFFERING

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.

Oslo, July 9, 2018

Reference is made to the previous announcements by Hunter Group ASA (the “Company” or “Hunter”) relating to the subsequent offering of up to 16,250,000 new shares (the “Offer Shares”) for gross proceeds of up to NOK 52,000,000 (the “Subsequent Offering”).

The subscription period for the Subsequent Offering ended on 6 July 2018 at 16.30 hours (CET). The Subsequent Offering was significantly over-subscribed. The Company will allocate a total of 16,250,000 new shares at the price of NOK 3.20, totalling gross proceeds of NOK 52 million.

Allocation letters will be distributed to the subscribers today, which include number of allocated Offer Shares and the corresponding amount to be paid by each subscriber. Payment for the allocated Offer Shares falls due on 12 July 2018 (the “Payment Date”). Subscribers who have a Norwegian bank account will be debited the allocated amount payable for the Offer Shares and should ensure that there are sufficient funds available on such account prior to Payment Date. Subscribers who do not have a Norwegian bank account must ensure that payment with cleared funds for the Offer Shares allocated to them is made on or before the Payment Date to such account as stated in the allocation letter. Overdue and late payments will be charged with interest at the applicable rate from time to time under the Norwegian Act on Interest on Overdue Payment of 17 December 1976 No. 100, currently 8.50% per annum.

The Offer Shares to be issued will be registered in the VPS with ISIN number NO 0010283211 and will be traded on Oslo Axess under the Company’s trading symbol “HUNT” expected on or about 18 July 2018.

Following the issuance of the Offer Shares from the Subsequent Offering, the share capital of the Company will increase to NOK 481,135,016 divided into 384,908,013 shares each with a par value of NOK 1.25.

Clarksons Platou Securities AS, Pareto Securities AS, DNB Markets and Fearnley Securities AS acted as joint lead managers and bookrunners in connection with the Subsequent Offering.

For further information please contact:

Erik A.S. Frydendal, CEO

Phone: +47 957 72 947

Email: ef@huntergroup.no

www.huntergroup.no