HUNTER GROUP ASA Oslo ,18 August 2020 Hunter Tankers AS (the "Company"), a wholly owned subsidiary ofHunter Group ASA , is pleased to announce that it has exercised its call options pursuant to the sale-and-leaseback agreements with SFL Corporation Ltd. and repurchasedHunter Atla andHunter Saga for a combined amount of approx.USD 117.8m (the "Transaction"). Consequently, the two vessels are now in full ownership of the Company. Concurrently with the Transaction, the Company has utilized approx.USD 100.4m of the loan facility withDanske Bank , DNB, Nordea and SEB announced on18 June 2020 . The Transaction will reduce the Company's leverage, cost of capital and cash breakeven levels. This is in line with the Company's previously communicated capital allocation strategy. 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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