Oslo ,29 October 2020 Hunter Tankers AS (the "Company"), a wholly owned subsidiary ofHunter Group ASA , is pleased to announce that it has signed a Memorandum of Agreement for the sale ofHunter Saga andHunter Laga for an en-bloc price ofUSD 168.4m (the "Transaction"). The Transaction is expected to be completed during December, following delivery of the final vessel from the Company to her new owners. Upon completion of the Transaction, the Board of Directors intends to propose a distribution of excess capital to the shareholders ofHunter Group ASA . 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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