Oslo, 25 August 2022

Financial highlights

Total revenues of USD 20.10m

- Spot pool revenues of USD 1.69m

- Time charter revenues of USD 4.10m

- Net gain on sale of assets of USD 15.20m

Total operating expenses of USD 6.92m

- Vessel opex incl. insurance of USD 2.88m

- Voyage exp. and commissions of USD 0.51m

? G&A expenses of 0.32m

   - USD 0.30m administrative expenses

   - USD 0.02m legal expenses

EBITDA of USD 17.27m

Net profit of USD 10.80m

Average daily earnings of USD 15,900

- Avg. daily pool earnings of USD 18,600

- Avg. daily time charter earnings of USD 15,000

Opex. incl. insurance of USD 7,880 per day per vessel

364 available earnings days and 364 opex days

- 91 pool spot days

- 273 time charter days

Fourth quarter cash flow breakeven of approx. USD 24,240 per day

Key events in Q2 2022

The Annual General Meeting was held on 27 April 2022. All resolutions were
passed in accordance with the proposals set out in the notice

Signed Memorandum of Agreements for the sale of Hunter Disen and Hunter Frigg
for USD 96.0 million each, and for Hunter Freya and Hunter Idun for USD 95.5
million each

Bought back 8,519,630 of own share at an average price of NOK 3.48 per share.

- Following the buy back, the Company owns 19,762,826 of its own shares

Concluded the sale of Hunter Disen and successfully delivered her to her new
owner

Subsequent events

Concluded the sales of Hunter Idun and Hunter Frigg, and successfully delivered
them to their new owners

Sold forward USD 185 million at an average USDNOK of approx. 9.86

Announced cash dividend of NOK 1.50 per share (excluding treasury shares), based
on authority from the most recent general meeting

As of the date of this report, 85% of days in the third quarter of 2022 have
been booked at an average est. dayrate of USD 22,800

- 77% of spot pool days booked at an avg. est. dayrate of USD 25,9501

- Average Q3 TC dayrates of USD 18,450

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.