Hunter Group ASA

Director's Dealing • 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, Chairman of the Board of Directors Marcus Hansson and

close associates were allocated 20,000,000 shares in the private placement.

Prior to the private placement, Marcus Hansson and close associates owned

616,668 shares. Following completion of the private placement, Marcus Hansson

and close associates own 20,616,668, which corresponds to an ownership of 5.45%

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