Hunter Group ASA

Share Issue/Capital Change • May 9, 2018

Hunter Group ASA - Mandatory notification of trade

Hunter Group ASA - Mandatory notification of trade

Reference is made to the Hunter Group ASA's (the "Company") annual general

meeting as of 9 May 2018, whereby the general meeting resolved the private

placement of NOK 172 500 000 (the "Private Placement") and issuance of

15,000,000 warrants (the "Warrants").

Notice is hereby given that as an effect of the Private Placement, certain

primary insiders has subscribed for shares, as set out in the following:

Apollo Asset Limited, company controlled by the Company's board member Mr. Arne

Fredly, has today subscribed for and been allocated 25,000,000 shares in the

Company, at a price of NOK 2.30 per share. Including 43,675,607 shares

previously held, Apollo Asset Limited will have an aggregate holding of

68,675,607 shares in the Company, corresponding to 33.31% of the share capital

of the Company.

August AS, company controlled by the Company's chairman Mr. Henrik A.

Christensen, has today subscribed for and been allocated 400,000 shares in the

Company, at a price of NOK 2.30 per share. Including 0 shares previously held,

August AS will have an aggregate holding of 400,000 shares in the Company,

corresponding to 0.19% of the share capital of the Company.

Dynamo Management AS, company controlled by Dwellop AS' CEO Helge Hustoft, has

today subscribed for and been allocated 1,956,530 shares in the Company, at a

price of NOK 2.30 per share. Including 344,501 shares previously held, Dynamo

Management will have an aggregate holding of 2,301,031 shares in the Company,

corresponding to 1.12% of the share capital of the Company.

Sagittarius Capital Ltd., company controlled by the Company's next CEO Mr. Erik

Frydendal, has today subscribed for and been allocated 1,500,000 shares in the

Company, at a price of NOK 2.30 per share. Including 150,000 shares previously

held by Mr. Frydendal, Mr. Erik Frydendal and Sagittarius Capital Ltd. will

jointly have an aggregate holding of 1,650,000 shares in the Company,

corresponding to 0.80% of the share capital of the Company.

Notice is hereby given that as an effect of the Warrants, Apollo Asset Ltd.,

company controlled by the Company's board member Mr. Arne Fredly, today has

subscribed for and been allocated all the 15,000,000 Warrants. No consideration

has been paid in connection with the Warrants. Including 0 warrants previously

held, Apollo Asset Limited will have an aggregate holding of 15,000,000 warrants

in the Company.

Each Warrant gives the right to later require the issuance of one share in the

Company with a nominal value of NOK 1.25. If exercised, the subscription price

for shares shall be: (i) NOK 2.60 for 5.000.000 of the Warrants; (ii) NOK 2.90

for 5.000.000 of the Warrants; and (iii) NOK 3.20 for 5.000.000 of the Warrants,

but shall be reduced on a NOK-for-NOK basis by any dividend per share paid by

the Company in the period from the issue until the exercise of the relevant

warrant. The Warrants can be exercised at any time from issue of the warrants,

save that: (i) the Warrants can only be exercised in a period of 15 business

days following announcement of quarter-, half year- and annual accounts in the

period; and (ii) the NOK 2.60-warrants may only be exercised in a period of

three (3) years following the general meetings decision, the NOK 2.90-warrants

may only be exercised in a period of four (4) years following the general

meetings decision, and the NOK 3.20-warrants may only be exercised in a period

of five (5) years following the general meetings decision.

This stock exchange announcement is made pursuant to section 5-2 of the

Norwegian Securities Trading Act.

For further information, please contact:

Henrik A. Christensen, Chairman, +47 909 67 683, henrik@rosom.no

www.huntergroup.no