Hunter Group ASA

Regulatory Filings • Sep 24, 2019

Hunter Group ASA - Hunter Atla delivered

Hunter Group ASA - Hunter Atla delivered

Oslo, 24 September 2019

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

ASA, is pleased to announce that it today at 06:15 CET took delivery of "Hunter

Atla" (NB No. 5455), the first of seven identical ECO design VLCC newbuildings

from Daewoo Shipbuilding & Marine Engineering ("DSME") in South Korea. Two

additional VLCCs are scheduled for deliveries in 2019, while the remaining four

vessels will delivered between March and July 2020. All seven of the Company's

VLCCs are built to the highest standards and will be fitted with scrubbers.

With reference to the sale-and-leaseback transaction announced on 6 September

2019, Hunter Atla was upon delivery from DSME subsequently delivered to and

immediately bareboat chartered back from Ship Finance International Limited. The

bareboat rate for Hunter Atla for the first 6 months is $11,500 per day.

Hunter Atla will enter the Tankers International Scrubber Pool, and will

commence trading in the spot market.

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.