Hunter Group ASA

HUNTER GROUP ASA - CAPEX UPDATE

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November 2. 2018

Reference is made to Hunter Group ASA's press release earlier today. Hunter

Group ASA would, for the sake of good order, like to give an update on the near

-term capital expenditure schedule of the company following today's announcement

of the acquisition of one additional vessel.

With the first installment for vessel number eight (H.No. 5470) expected in Q1

2019 and the second installment not due until October 2019, Hunter Group ASA is

fully funded until June 2019, and consequently has no immediate plans to issue

additional equity.

Furthermore, Hunter Group ASA has been in touch with shareholders, representing

close to 50 percent of the shares, who are positive to the transaction and has

stated a clear intent to part take in future equity offerings.

The list of investors contacted include, but is not limited to, Apollo Asset

(Fredly), Songa Trading (Arne Blystad), Sundt AS, Swap Invest (Rivelsrud),

Tigerstaden AS and Middelborg AS

Contacts:

Erik Frydendal, CEO

Phone: +47 957 72 947

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