Hunter Group ASA

M&A Activity • Feb 23, 2018

HUNT - Contemplated offer to acquire shares in Hunter Group ASA - extension

HUNT - Contemplated offer to acquire shares in Hunter Group ASA - extension

Oslo, 23 February 2018

Reference is made to announcement made on 20 February and 21 February 2018 in respect of a conditional open market offer to acquire 30% of the outstanding shares of Hunter Group ASA. Notice is given herewith of an extension of the acceptance period, by which the announcement is updated as follows.

A financial investor (the "Investor") has engaged Fearnley Securities AS (the "Manager") to explore the opportunity to acquire 30% of the outstanding shares in Hunter Group ASA (the "Shares") at a price of NOK 2.30 per share. The Investor can at its full discretion increase or decrease the number of shares to be acquired (the "Offer"), so that the Investor's shareholding in Hunter Group ASA does not exceed 1/3 of the outstanding Shares in Hunter Group ASA after the completion of the Offer.

The Manager will gather and accumulate sales orders from existing shareholders. All existing shareholders are invited to offer Shares for sale at the price defined above.

The acceptance period will close on February 26th 2018 at 17:00 CET. However, the acceptance period can be closed earlier or extended at the Investor's or Manager's own discretion. If an acquisition is to be completed, allocation will follow shortly thereafter. Allocation is expected to be made on or about February 27th 2018 with standard T+2 settlement.

For shareholders wishing to participate in the Offer, please contact:

Fearnley Securities AS - Ph.: +47 22 93 63 87