Offer to buy back shares in Hunter Group ASA

Oslo, 12 May 2021

Hunter Group ASA (the “Company”) has decided to initiate a share buyback for up to 50,000,000 shares with a price limit of NOK 3.0 per share (NOK 150,000,000). The buyback will be on a “first come, first served basis” where purchases are made on a continuous basis.

The offer period commences immediately and is expected to close at 23:59 (CET) on 18 May 2021. The Company reserves the right to close the offer period earlier at its sole discretion. Sales offers are irrevocable and cannot be withdrawn.

The buyback is based on the authorization provided by the Company’s Annual General Meeting on 30 April 2020.

Shares acquired pursuant to this transaction may either be deleted in connection with a later reduction of the registered share capital of the company, or used as consideration in the acquisition of businesses, or for general corporate purposes.

Hunter Group ASA currently owns 8,200,404 of its own shares acquired as part of its current buy-back program.

For more information or information on how to submit sales offers, please contact Fearnley Securities at +47 22 93 63 64.

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This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Act.

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The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions. Hunter Group ASA does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported sales offer.