Hunter Group ASA

Environmental & Social Information • May 23, 2024

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

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.