Hunter Group ASA

Share Issue/Capital Change • Oct 6, 2022

Hunter Group ASA - Exercise of warrants

Hunter Group ASA - Exercise of warrants

Oslo, 6 October 2022

Reference is made to the warrants issued to Apollo Asset Limited ("Apollo") by

the General Meeting on 19 September 2022. Today, Apollo, a company owned by

primary insider and board member Mr. Arne Fredly, has today exercised 15,000,000

warrants in Hunter Group ASA (the "Company"), giving right to 15,000,000 shares

at an average unadjusted strike price of NOK 2.9 per share (adjusted strike

price of minus NOK 0.40 per share). Apollo will receive the shares from the

Company's treasury shares, meaning no new shares will be issued and registered

following the transaction. The total number of outstanding shares in the Company

will remain 575,362,013 following the distribution, and the Company will own

4,762,826 of it's own shares. Apollo will own 183,500,000 shares and zero

warrants in the Company.

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 information is subject to the disclosure requirements in section 5-12 of

the Norwegian Securities Trading Act.