Hunter Group ASA

Environmental & Social Information • Nov 1, 2019

Hunter Group ASA - Hunter Laga Delivered

Hunter Group ASA - Hunter Laga Delivered

Oslo, 1 November 2019

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

ASA, is pleased to announce that the delivery process of "Hunter Laga" (NB No.

5460) was sucessfully completed today at 0700 CET.  Hunter Laga is the third of

seven identical ECO design VLCC newbuildings from Daewoo Shipbuilding & Marine

Engineering ("DSME") in South Korea. The remaining four vessels is scheduled to

be delivered between March and July 2020. All seven of the Company's VLCCs are

built to the highest standards and will be fitted with scrubbers.

With reference to the sale-and-leaseback transaction announced on 6 September

2019, Hunter Laga was upon delivery from DSME subsequently delivered to and

immediately bareboat chartered back from Ship Finance International Limited.

Hunter Laga will join Hunter Atla and Hunter Saga in the Tankers International

Scrubber Pool, and will commence trading in the spot market.

Contact:

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

Lars M. Brynildsrud, CFO, lb@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.