Hunter Group ASA

Share Issue/Capital Change • May 28, 2019

Hunter Group ASA - Share capital increase registered

Hunter Group ASA - Share capital increase registered

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY

OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Oslo, 28 May 2019

Reference is made to the Hunter Group ASA's (the Company) announcement as of 23

May 2019 and to the successfully completed private placement of approximately

NOK 695 million (the Private Placement), by issuance of 190,454,000 new shares

(the New Shares) at a subscription price of NOK 3.65 per share. The share

capital increase pertaining to the New Shares issued in the Private Placement

has today been registered with the Norwegian Register of Business Enterprises.

The Company's new registered share capital is NOK 719,202,516.29, consisting of

575,362,013 shares with a par value of NOK 1.25 per share.

For further information, please contact: CEO Erik Frydendal / ef@huntergroup.no

/ +47 957 72 947

Additional information about the Company can be found at: www.huntergroup.no