Hunter Group ASA - Director's Dealing 2023

Hunter Group ASA - Exercise of options by primary insiders

Oslo, 14 February 2023

Primary insiders and other employees of Hunter Group ASA (the "Company") has

today exercised options to purchase a total of 7,850,000 options at an average

exercise price of negative NOK 1.33 per share (the "Strike Price"). The

exercised options will be settled by transfer from the Company's treasury

shares. Following the transaction, the Company will own 362,826 of its own

shares.

Sagittarius Capital Ltd, a company wholly owned by primary insider Mr. Erik

Frydendal, CEO of the Company, has today exercised options to purchase 4,000,000

shares in the Company at the Strike Price. Following the transaction, Mr.

Frydendal, including entities controlled by Mr. Frydendal, owns 38,983,333

shares and zero options in the Company, corresponding to 6.78% of the

outstanding shares in the Company.

Lama Global AS, a company wholly owned by primary insider Mr. Lars Brynildsrud,

CFO of the Company, has today exercised options to purchase 1,750,000 shares in

the Company at the Strike Price. Following the transaction, Mr. Brynildsrud,

including entities controlled by Mr. Brynildsrud, owns 35,098,733 shares and

zero options in the Company, corresponding to 6.10% of the outstanding shares in

the Company.

Primary insider Mr. Sujoy Seal, COO of the Company, has today exercised options

to purchase 2,000,000 shares in the Company at the Strike Price. Following the

transaction, Mr. Seal owns 35,458,334 shares and zero options in the Company,

corresponding to 6.16% of the outstanding shares in the Company.

This information is subject to the disclosure requirements pursuant to MAR

article 19 and section 5-12 of the Norwegian Securities Trading Act.

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