Hunter Group ASA

Hunter Group ASA - Information regarding the planned subsequent offering (the "NOK 1.50 Offering")

Oslo, 5 February 2024

Hunter Group ASA (the "Company") announced on 30 November 2023 the completion of

a NOK 21.5 million private placement through the issuance of 14,333,333 new

shares at the price of NOK 1.50 per share (the Private Placement). To ensure

equal treatment of eligible shareholders who were not allocated shares in the

Private Placement, the Company plans to conduct a subsequent offering of up to

6,666,666 new shares at a subscription price of NOK 1.50 per share (the "NOK

1.50 Offering").

The NOK 1.50 Offering will be made available to shareholders as of 30 November

2023, as registered in the Company's register of shareholders with Euronext

Securities Oslo (VPS) on 4 December 2023. The subscription period is expected to

commence on 16 February 2024, following approval of the prospectus from the

Financial Supervisory Authority of Norway (Finanstilsynet). The subscription

period will last for two weeks. Oversubscription is permitted, and subscribing

shareholders are guaranteed a minimum allocation of their pro-rata shareholding

and will also be allocated any oversubscription on a pro-rata basis. Current

shareholders that did not own any shares on the aforementioned date will not be

eligible to participate in the NOK 1.50 Offering.

Additional information and exact dates for the subscription period will follow

the approval and publication of the prospectus.

Contact:

Erik A.S. Frydendal, CEO, [email protected], Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, [email protected], Ph.: +47 932 60 882

This information is published in accordance with the requirements of the

Continuing Obligations.

AI Terminal