Hunter Group ASA

Badger Explorer ASA - Further Information Regarding the Notice of the Company's Annual General Meeting

Some of the shareholders have contacted the Board of Directors of Badger

Explorer ASA regarding the notice of the Company's Annual General Meeting (AGM)

for the fiscal year 2015 concerning the election of members to the Nomination

Committee. The Board would like to clarify that, according to the Norwegian Code

of Practice for Corporate Governance, one of the tasks for the Nomination

Committee is to propose to the AGM the members for the Nomination Committee:

"The independence of the nomination committee from the company's board of

directors and executive management dictates that candidates for election to the

nomination committee should be put forward by the nomination committee itself."

As one can see, the Nomination Committee is also independent of the Board of the

Company. The task for the Board of the Company in this relation is to secure

that the proposal from the Nomination Committee is included in the notice of the

AGM. The members of the Nomination Committee are then elected after shareholders

have voted at the AGM.

The proposal from the Nomination Committee for the AGM is:

The Nomination Committee proposes to reduce the members from three to two

members to be elected:

. Rolf E. Ahlqvist (Chairman), re-elected until AGM in 2018

. Knut Åm (Committee member), re-elected until AGM in 2018.

The third Committee member, Richard Urbanski, has resigned from the Nomination

Committee.

Also shareholders have a right to propose candidates, both before the notice for

the AGM is sent out, but also at the AGM itself. It is then up to the AGM to

elect the Nomination Committee.

For further information, please contact:

Marcus Hansson, Chairman of the Board, Badger Explorer ASA, cell phone +44 782

446 0691

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