Hunter Group ASA

Regulatory Filings • Mar 6, 2023

Hunter Group ASA and DNV sign CCS development agreement

Hunter Group ASA and DNV sign CCS development agreement

Oslo, 6 March 2023

Please refer to the attached document for further information.

Hunter Group ASA and DNV have entered into a joint cooperation agreement for the

development of a low pressure mid-stream shipping solution for Carbon Capture

and Storage. The parties have agreed to work together to develop a 40-70K cbm

liquified CO2 carrier with 20-30K cbm feeder vessels with the aim to meet

defined targets towards a sustainable CCS shipping solution to be operated on

the Norwegian Continental Shelf and European waters. Both technological and

operational measures will be assessed, as well as hull and cargo tank designs.

Alternative fuels such as ammonia, methanol, fuel cells and CO2 abatement

technologies will also be evaluated as part of this project.

Contact:

Erik A.S. Frydendal, CEO, Ph. +47 957 72 947 E-mail: ef@huntergroup.no

Lars M. Brynildsrud, CFO, Ph. +47 932 60 882 E-mail: lb@huntergroup.no

This stock exchange announcement is made pursuant to section 5-9 of the

Norwegian Securities Trading Act.