Hunter Group ASA

Pre-Annual General Meeting Information • Mar 6, 2018

Hunter Group ASA: Cancellation of extraordinary general meeting on 15 March 2018

Hunter Group ASA: Cancellation of extraordinary general meeting on 15 March 2018

Oslo, 6 March 2018: Reference is made to the notice by Hunter Group ASA ("Hunter

Group" or the "Company") on 16 February 2018 regarding the extraordinary general

meeting to be held on 15 March 2018.

The Board of Directors of the Company has in its board meeting today decided to

cancel the extraordinary general meeting. The reason for the cancellation is

documentation received from Apollo Asset Ltd, owned by Arne Fredly, that

shareholders holding in excess of 1/3 of the Company's shares will vote against

the contemplated transaction with IKM Gruppen AS.

The transaction has therefore in agreement with IKM Gruppen AS been cancelled.

The Board of Directors is disappointed to announce the cancellation and

continues to believe that the contemplated transaction would have been in the

common interest of the Company and its shareholders.

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Vegard Urnes, interim CEO, +47 90 58 54 32, vu@huntergroup.no

Ola Beinnes Fosse, CFO, +47 97 53 12 27, obf@huntergroup.no

www.huntergroup.no (http://www.bxpl.com)