Hunter Group ASA

Share Issue/Capital Change • Jun 20, 2023

Hunter Group ASA - New share capital registered

Hunter Group ASA - New share capital registered

Oslo, 20 June 2023

Reference is made to section 4.1 of Oslo Rulebook II, Issuer Rules, and the

requirement to have a stock price of minimum NOK 1 per share. In connection with

Company's notice to the annual general meeting of 2023, the board has proposed a

reverse share split in the ratio 20:1 (the "Reverse Share Split"). To have the

total number of shares in the Company divisible by 20 in the Reverse Share

Split, the board has resolved under a proxy from the general meeting, as a

preparatory step, that the share capital is increased by the issuance of a

number of shares that results in the total number of shares in the Company being

divisible by 20, i.e., by issuance of seven (7) new shares (the "New Shares").

Lama Global AS, a company controlled by CFO Lars M. Brynildsrud, subscribed for

the New Shares. PDMR notification form attached hereto.

The share capital increase resulting from the issue of the New Shares has today

been registered with the Norwegian Register of Business Enterprises, and the

Company's new registered share capital is NOK 1,100,000.0134 divided into

575,362,020 shares, each with a nominal value of NOK 0.001911839807 (rounded).

For further information, please contact Lars M. Brynildsrud, CFO,

lb@huntergroup.no, Ph.: +47 932 60 882

This information is subject to the disclose requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.