Hunter Group ASA - Receives Enova grant of up to NOK 100 million

23 May 2024 09:03 CEST

Oslo, 23 May 2024

Hunter Group ASA, (the " Company") is pleased to announce that it has been
awarded a grant of up to approx. NOK 100 million from Enova, the Norwegian state
-owned enterprise established to promote a shift towards more environmentally
friendly energy consumption and production. The grant has been awarded in
connection with the potential construction of two next generation Commissioning
Service Operation Vessels ("CSOV"), equipped with cutting edge maritime
technology ensuring that the vessels can be efficiently operated with virtually
zero emissions.

The potential project has been developed by Hunter Maritime Advisors ("HMA"), a
wholly owned subsidiary of the Company, and will target the growing offshore
wind industry.

If and when market conditions become favorable, the CSOV project will be
developed on a standalone basis, completely separate from the Company's current
tanker chartering business.

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 stock exchange announcement is made pursuant to section 5-9 of the
Norwegian Securities Trading Act.

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