Hunter Group ASA

The Subsequent Offering consists of up to 16,250,000 new offer shares (the “Offer Shares”), each with a nominal value of NOK 1.25. The subscription price in the Subsequent Offering is set to NOK 3.20 per Offer Share. 

The Company's shareholders as at the end of 16 May 2018, as documented by the shareholder register in the Norwegian Central Securities Depository (the "VPS") as of 22 May 2018 (T+2) (the "Record Date"), who are not resident in a jurisdiction where the Subsequent Offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action, and who were not allocated shares in the Secondary Private Placement are being granted non-transferable subscription rights (the "Subscription Rights") to subscribe for and be allocated Offer Shares in the Subsequent Offering based on their shareholding as of that date ("Eligible Shareholders") up to an aggregate subscription amount of NOK 52 million. Each Subscription Right will, subject to applicable securities laws, give the right to subscribe for and be allocated one (1) Offer Share in the Subsequent Offering. Over-subscription will be permitted. Subscription without Subscription Rights is not allowed.

The subscription period for the Subsequent Offering commences on 15 June 2018 and expires at 16:30 hours, Oslo time, on 6 July 2018 (the "Subscription Period").

The Subscription Rights are non-transferable. Subscription Rights not used to subscribe for Offer Shares before the expiry of the Subscription Period will have no value and will lapse without compensation to the holder.