Hunter Group ASA

Board/Management Information • May 3, 2018

Hunter Group ASA - appointment of CEO/CFO and COO

Hunter Group ASA - appointment of CEO/CFO and COO

The Board of Hunter Group ASA is pleased to announce that Mr. Erik A.S.

Frydendal has accepted the position as CEO/CFO for Hunter Group ASA.  Mr.

Frydendal has more than 20 years of capital markets experience, most recently as

a Partner in Fearnley Securities, part of the Astrup Fearnley Group.  Before

joining Fearnley Securities, Mr. Frydendal held leading positions at

Swedbank/First Securities, Fondsfinans ASA and Christiania Markets (Nordea

Securities) in Oslo, as well as Paine Webber Inc. (UBS AG) in San Francisco.

Mr. Frydendal holds an MBA from Heriot Watt University and a B.Sc. in Finance

from the University of Utah.  Mr Frydendal will take on the position as CEO/CFO

May 15th. 2018.

Furthermore, the board is also pleased to announce that Mr. Sujoy K. Seal has

accepted the position as COO for Hunter Group ASA.  Mr. Seal has more than 30

years of experience from the maritime industry in the newbuilding, technical and

commercial segments. Mr. Seal has been involved in more than 40 newbuildings in

Korea, and has held senior positions at Aurora LPG Holding ASA, Atlantic Tankers

AS, Aurora Wilhelmsen Management Ltd. Hongkong, Transpetrol TM, Norway and the

BW Group.  Mr. Seal will be responsible for the project management and oversee

the construction of our vessels, including the recruitment of an in-house site

team to follow up the building programme at Daewoo Shipbuilding Marine

Engineering Co.  Mr. Seal holds a B.Sc. of Engineering - First class from Marine

Engineering College, India, as well as all relevant STCW certificates.  Mr. Seal

also holds a certificate of Proficiency as Assessor issued by the Norwegian

Maritime Directorate. Mr Seal will take on the position as COO immediately.

Mr. Frydendal currently owns 150 000 shares and Mr. Seal owns nil shares in

Hunter Group ASA at the date of this press release

For further information, please contact:

Henrik A. Christensen, Chairman Hunter Group ASA

Cell phone +47 90 96 76 83 or email henrik@rosom.no

This stock exchange announcement is made pursuant to section 5-2 of the

Norwegian Securities Trading Act and prepared in accordance with the Continuing

Obligations of the Oslo Stock Exchange section 3.4 (extended announcement).

www.huntergroup.no