Hunter Group ASA

Declaration of Voting Results & Voting Rights Announcements • Jan 9, 2017

Badger Explorer ASA - Mandatory Notification of Trade

Badger Explorer ASA - Mandatory Notification of Trade

Reference is made to the announcement from Badger Explorer ASA (the "Company")

on 9th January 2017 regarding the Extraordinary General Meeting.

As previously disclosed, CFO Gunnar Dolven, through his wholly owned investment

company Dalvin Rådgivning AS, was allocated 2,400,000 shares in the private

placement. Prior to the private placement, Mr. Dolven owned 434,872 shares.

Following completion of the private placement, Mr. Dolven owns 2,834,872, which

corresponds to an ownership of 0.75% of the outstanding shares in the Company

after the private placement.

CEO Roald Valen was allocated 2,400,000 shares in the private placement, which

corresponds to an ownership of 0.63% of the outstanding shares in the Company

after the private placement.

Stavanger, 9th January 2017

For further information, please contact:

Gunnar Dolven, CFO, cell phone +47 908 53 168

Marcus Hansson, COB, cell phone +44 782 4460 691

www.bxpl.com