Hunter Group ASA — Share Issue/Capital Change 2020

Aug 21, 2020

Hunter Group ASA - Hunter Frigg Delivered

Hunter Group ASA - Hunter Frigg Delivered

Oslo, 21 August 2020

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

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

5470) was successfully completed today at 0150 CET. Hunter Frigg is the

seventh scrubber-fitted ECO design VLCC newbuilding delivered to the Company

from Daewoo Shipbuilding & Marine Engineering ("DSME") in South Korea, and marks

the end of the Company's newbuilding program. Hunter Frigg was recently fixed

for 6-8 months at USD 40,000 per day, and will commence the time charter

following delivery from the yard.

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.