Hunter Group ASA

M&A Activity • Feb 16, 2018

HUNT -- Contemplated offer to acquire shares in Hunter Group ASA

HUNT -- Contemplated offer to acquire shares in Hunter Group ASA

Oslo, 16 February 2018

A financial investor (the "Investor") has engaged SpareBank 1 Markets AS (the "Manager") to explore the opportunity to acquire 30% of the outstanding shares in Hunter Group ASA (the "Shares") at a price of NOK 2.30 per share, but with the possibility for the Investor at its full discretion to increase or decrease the number of shares to be acquired (the "Offer"), however so that the Investor's shareholding in Hunter Group ASA may not exceed 1/3 of the outstanding Shares in the Company after the completion of the Offer.

The Manager will gather and accumulate sales orders from existing shareholders. All existing shareholders are invited to offer Shares for sale at the price defined above.

The acceptance period will commence immediately, and will close on 16 February 2018 at 17:00 hrs. CET. However, the acceptance period can be closed earlier or extended at the Manager's own discretion. If an acquisition is to be completed, allocation will follow shortly thereafter. Allocation is expected to be made on or about 19 February 2018 with standard T+2 settlement.

For shareholders wishing to participate in the Offer, please contact:

SpareBank 1 Markets AS - Tel.: +47 24 14 74 70