Hunter Group ASA

Share Issue/Capital Change • Feb 15, 2018

Hunter Group ASA: Key information relating to conditional subsequent equity issue

Hunter Group ASA: Key information relating to conditional subsequent equity issue

Oslo, 15 February 2018: Reference is made to the announcements by Hunter Group

ASA ("Hunter Group" or the "Company") published earlier today regarding the

private placement of NOK 75 million (the "Private Placement"). The completion of

the Private Placement is conditional upon the Company's shareholders passing the

required corporate resolutions to issue the shares in the Private Placement at

an extraordinary general meeting expected to be held on or about 15 March 2018

(the "EGM") and fulfilment of the conditions for completion of the

Transaction.The Company's board of directors has proposed to carry out a repair

issue following the approval of a prospectus by the Financial Supervisory

Authority of Norway. Such approval is expected in late March 2018. The

conditional repair issue will be directed towards existing shareholders as of

close of trading on 15 February 2018, as recorded in the VPS on 19 February

2018, who were not allocated shares in the Private Placement and who are not

resident in a jurisdiction where such offering would be unlawful or, for

jurisdictions other than Norway, would require any prospectus, filing,

registration or similar action. For these purposes, the Company's board of

directors will use the authorisation granted by the Company's extraordinary

general meeting on 31 May 2017. Subject to completion of the Private Placement,

eligible shareholders will be granted non-transferable rights to subscribe for

and, upon subscription, be allocated new shares in the Company for a total

subscription amount of NOK 10 million. The subscription price in the conditional

repair issue will be equal to the subscription price in the Private

Placement.Further details about the conditional repair issue will be set out in

a prospectus to be published in connection with inter alia the offering of

shares in the conditional repair issue and the listing of shares issued in the

Private Placement.The key dates and information relating to the conditional

repair issue are as follows:

Date on which the terms and 15 February 2018

conditions of the repair issue were

announced:

Last day including right: 15 February 2018

Ex-date: 16 February 2018

Record date: 19 February 2018

Date of approval: 15 February 2018

Maximum number of new shares: 4,444,444

Subscription price: NOK 2.25

This information is published in accordance with the Oslo Børs' Continuing

Obligations for stock exchange listed companies.

Important information

This press release is for information purposes only and shall not constitute or

be construed as an offer to buy, sell, issue, or subscribe for, or the

solicitation of an offer to buy, sell, issue, or subscribe for any securities,

nor shall there be any sale of securities in any jurisdiction in which such

offer, solicitation or sale would be unlawful prior to registration or

qualification under the securities laws of any such jurisdiction. Copies of this

announcement are not being made and may not be distributed or sent into the

Australia, Canada, Japan, the United States or any other jurisdiction in which

such distribution would be unlawful or would require registration or other

measures.

The securities referred to herein have not been and will not be registered under

the U.S. Securities Act, or any state securities laws, and will be sold within

the United States only to qualified institutional buyers ("QIB"), as defined in

Rule 144A under the U.S. Securities Act ("Rule 144A"), through affiliates of the

Managers, in reliance upon the exemption from the registration requirements

provided by section 4(2) of the U.S. Securities Act Rule 144A, and to certain

non-U.S. persons in offshore transactions in reliance on Regulation S under the

U.S. Securities Act. The securities to be offered will be subject to certain

restrictions on transfer.

Certain statements contained herein that are not statements of historical fact,

may constitute forward looking statements. Forward-looking statements involve

known and unknown risks, uncertainties and other factors that could cause the

actual results or events concerning the Company to be materially different from

the historical results or from any future results expressed or implied by such

forward looking statements. None of the Company, the Managers or any of their

affiliates or advisors provide any assurance that the assumptions underlying

such forward-looking statements are free from errors nor do any of them accept

any responsibility for the future accuracy of the opinions expressed in this

press release or the actual occurrence of the forecasted developments. Except as

may be required by applicable law or stock exchange regulation, neither the

Company nor the Managers, or any of their affiliates or advisors, assume any

obligation to update any forward-looking statements or to confirm these forward

-looking statements to actual results.

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)