Hunter Group ASA - Earnings Release 2024

Hunter Group ASA - First quarter results 2024

Oslo, 30 May 2024

Please see the enclosed report for further information.

Financial highlights - Q1 2024:

+-----------------------------+------------+

|Total revenues | USD 6.55m |

+-----------------------------+------------+

|Total operating expenses | USD 0.66m |

+-----------------------------+------------+

|Operating profit | USD 5.89m |

+-----------------------------+------------+

|Net profit | USD 5.72m |

+-----------------------------+------------+

| | |

+-----------------------------+------------+

|Avg. spot-linked TC-out rate:|USD 54,590/d|

+-----------------------------+------------+

|Avg. fixed TC-in rate: |USD 54,260/d|

+-----------------------------+------------+

|Avg. TC-margin: |USD 2,330/d |

+-----------------------------+------------+

|Vessel days: | 108 / 108 |

+-----------------------------+------------+

|Net TC-result: |USD 251,770 |

+-----------------------------+------------+

| | |

+-----------------------------+------------+

|Cash and working capital: | USD 19.77m |

+-----------------------------+------------+

Contact:

Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb (a) huntergroup.no, 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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