Hunter Group ASA - Capital/Financing Update 2019

Hunter Group ASA - Improved financing terms

Oslo, 30 August 2019

Hunter Tankers AS (the «Company»), a wholly owned subsidiary of Hunter Group

ASA, is pleased to announce that it has agreed to enter into a binding term

sheet for a 5-year sale-and-leaseback agreement with a large leasing company at

highly attractive terms.

The Board is of the opinion that the agreement is beneficial to all shareholders

as it retains maximum flexibility for the Company and eliminates the need for

any additional equity in order for the Company to take delivery of all vessels

in the newbuilding program. Consequently, the Company has cancelled the senior

secured term loan announced on May 22 2019.

Further details will be provided upon closing of the transaction.

Contact: Lars M. Brynildsrud, CFO, [email protected], Ph.: +47 932 60 882

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

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