14 September 2020 Refinancing update Hunter Tankers AS (the "Company"), a wholly owned subsidiary ofHunter Group ASA , is pleased to announce that it has declared its call option forHunter Laga , pursuant to the sale-and-leaseback agreement withSFL Corporation Ltd. The repurchase ofHunter Laga will be financed by theUSD 157.5m loan facility announced on18 June 2020 , as well as available cash at hand, and is expected to close in approximately two months. Chartering updateHunter Disen has been fixed on a 5-7 month time charter ("TC") atUSD 38,000 per day. The TC will commence in early November, immediately following the end of the current TC. 70% of the Company's fleet days in the second half of 2020 are now booked at an average dayrate of approx.USD 63,000 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.
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