Hunter Group ASA

Share Issue/Capital Change • Mar 7, 2017

Badger Explorer ASA - Increase of the Company's Share Capital

Badger Explorer ASA - Increase of the Company's Share Capital

Reference is made to previous announcements published by Badger Explorer ASA

(the "Company") regarding the subsequent offering of 80,000,000 new shares each

with a nominal value of NOK 0.125, at a price of NOK 0.125 per share (the

"Subsequent Offering I").

The share capital increase pertaining to the new shares issued in the Subsequent

Offering I has now been registered with the Norwegian Register of Business

Enterprises.

The Company's new registered share capital is NOK 132,317,161 divided into

1,058,537,288 shares, each with a nominal value of NOK 0.125.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

Stavanger, 7th March 2017

For further information, please contact:

Gunnar Dolven, CFO, cell phone +47 908 53 168

Marcus Hansson, COB, cell phone +44 782 4460 691

www.bxpl.com