Hunter Group ASA

Board/Management Information • Sep 11, 2019

Hunter Group ASA - Commercial Manager Selected

Hunter Group ASA - Commercial Manager Selected

Oslo, 11 September 2019

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

ASA, is pleased to announce that it, after careful consideration, has selected

Tankers International Ltd as commercial manager for its fleet of VLCCs. Tankers

International Ltd. («TI») will establish the world's first scrubber-fitted VLCC

pool (the «Scrubber Pool»).  In addition to the Hunter vessels the pool will

consist of vessels from Hartree Maritime Partners Ltd., International Seaways

Inc., Oak Maritime (HK) Inc., and Ridgebury Tankers.

The Scrubber Pool will consist exclusively of modern scrubber-fitted VLCCs

operated and maintained to the highest standards and will, combined with TI's

existing VLCC pools, represent the largest VLCC fleet in the world with more

than 70 VLCCs on a fully delivered basis.  The creation of the Scrubber Pool

will maximize the Company's earnings potential through access to a large scale

operation with a strong independent management team, while simultaneously

retaining 100% of expected scrubber fuel savings.

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.