Hunter Group ASA - Earnings Release 2024

Hunter Group ASA - Fourth quarter results 2024

Oslo, 27 February 2025

Please see the enclosed report for further information.

Financial highlights - Q4 2024:

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|Net TC result (loss) | USD (3.62m) |

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|Unrealized TC position result (loss)| USD (7.54m) |

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|Total operating expenses | USD 0.(36m) |

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|Adj. net profit (loss)* | USD (3.87m) |

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| | |

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|Avg. spot-linked TC-out rate | USD 32,050/d |

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|Avg. fixed TC-in rate | USD 51,750/d |

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|Avg. TC-margin (loss) |USD (19,700)/d|

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|Vessel days | 184 / 184 |

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| | |

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|Cash and working capital | USD 12.49m |

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*Excluding unrealized non-cash TC position result (loss)

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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