Hunter Group ASA

Regulatory Filings • Mar 18, 2020

Hunter Group ASA - Market Update

Hunter Group ASA - Market Update

18 March 2020

Hunter Tankers AS (the "Company"), a wholly owned subsidiary of Hunter Group

ASA, is pleased to announce that Hunter Atla, Hunter Laga and Hunter Freya each

has entered into a six-month time charter agreement ("TC") on an average dayrate

of approx. USD 80,000 per day, significantly de-risking second and third quarter

cash flow. The TCs will commence immediately following completion of current

spot voyages.

Hunter Saga will remain in the spot market through the Tankers International

Scrubber Pool, where she will be joined by Hunter Disen in May/June, Hunter Idun

in June/July and Hunter Frigg in July/August.

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 disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.