Hunter Group ASA — Major Shareholding Notification 2010

Mar 23, 2010

Corr - Disclosure of shareholding

NOTIFICATION REFERRED TO IN CHAPTER 3, SECTION 3-2,

OF THE SECURITIES TRADING ACT ON A CHANGE IN HOLDINGS

As a result of a share transaction concluded on 18

March 2010, the holdings of Invesco Limited, for and

on behalf of funds managed by its affiliates, now

represent less than 5% of the voting rights and share

capital in Badger Explorer ASA (see Appendix). Under

Chapter 4, of the Securities Trading Act, we hereby

notify the Stock Exchange of the following.

1.Name of company in which holdings have been disposed

Badger Explorer ASA

2.Date of change in holdings

18 March 2010

3.Exact proportion of voting rights and share

capital in Badger Explorer ASA, by type of shares

Holdings by Invesco Limited (formerly known as

AMVESCAP PLC and Invesco Plc), for and on behalf of

funds managed by its affiliates, are now as follows:

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