Hunter Group ASA

Share Issue/Capital Change • Dec 6, 2023

Hunter Group ASA - Share capital increase registered

Hunter Group ASA - Share capital increase registered

Oslo, 6 December 2023

Hunter Group ASA (the "Company") refers to the private placement of 14,333,333

new shares (the "New Shares"), at a subscription price of NOK 1.50, raising

gross proceeds of NOK 21.5 million (the "Private Placement").

The share capital increase pertaining to the issuance of the New Shares has

today been registered with the Norwegian Register of Business Enterprises (Nw.

Foretaksregisteret). The Company's new share capital is NOK 1,648,061 (rounded),

divided into 43,101,434 shares, each with a nominal value of NOK 0.038

(rounded).

5,500,000 New Shares will be recorded on the listed ISIN, pursuant to applicable

exemptions from relevant prospectus and registration requirements pursuant to

applicable regulations, including Regulation (EU) 2017/1129 (the EU prospectus

regulation) and ancillary regulations. The remaining New Shares will be recorded

on a separate, temporary ISIN pending approval of a prospectus by the Financial

Supervisory Authority of Norway and will not be listed or tradable on Oslo Børs

until the prospectus has been published.

Sagittarius Capital Ltd., Lama Global AS, and Seal Invest AS have, as previously

announced, for settlement purposes in the Private Placement, entered into a

share lending agreement with DNB Markets, a part of DNB Bank ASA, to lend all

their existing shares in the company that are already listed on Euronext Expand

Oslo. The share loan will today be settled to the lenders with a corresponding

number of New Shares, recorded on a separate, temporary ISIN pending approval of

the prospectus. PDMR forms attached hereto. Sagittarius Capital Ltd. will own a

total 2,041,666 shares in the Company, representing 4.74% of the shares and

votes, Lama Global AS will own a total 1,754,167 shares in the Company,

representing 4.07% of the shares and votes, Seal Invest AS will own a total

1,766,666 shares in the Company, representing 4.10% of the shares and votes, and

each of them will thereby, as a result of the Private Placement, passively cross

the 5% threshold pursuant to the Norwegian Securities Trading Act section 4-2.