Hunter Group ASA

Related Party Transaction • May 1, 2019

Hunter Group ASA - RCF agreement with Apollo Asset Ltd.

Hunter Group ASA - RCF agreement with Apollo Asset Ltd.

Today, on 1 May 2019, Hunter Group ASAs subsidiary Hunter Tankers AS has signed

a short-term USD 3.0 million revolving credit facility agreement with the

company's largest shareholder, Apollo Asset Ltd., a company owned by board

member Mr. Arne Fredly.

The USD 3.0 million facility carries a total interest rate of 5.00% p.a., all

inclusive. The outstanding amount under the facility is secured by parent

guarantee from Hunter Group ASA. The facility is available as from the date

hereof, and any outstanding amount must be repaid at the latest on the date

prior to the date for the first VLCC delivery. Apollo Asset Ltd. may cancel the

facility at any time, whereupon any outstanding amount become due and payable,

on the earliest of (i) the date falling one month after such demand, and (ii)

the date prior to the date for the first VLCC delivery.

The facility does not include any financial covenants and may be used to

partially finance the group's current newbuilding program and for general

corporate purposes.

This stock exchange announcement is made pursuant to section 5-2 of the

Norwegian Securities Trading Act.

Oslo, 1 May 2019

For further information, please contact: Erik Frydendal, CEO +47 957 72

947 (http://tel+47%20957%2072%20947) E-mail: ef@huntergroup.no