Hunter Group ASA – First quarter results 2024

Oslo, 30 May 2024

Please see the enclosed report for further information.

Financial highlights – Q1 2024:

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|Total revenues | USD 6.55m |
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|Total operating expenses | USD 0.66m |
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|Operating profit | USD 5.89m |
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|Net profit | USD 5.72m |
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|Avg. spot-linked TC-out rate:|USD 54,590/d|
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|Avg. fixed TC-in rate: |USD 54,260/d|
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|Avg. TC-margin: |USD 2,330/d |
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|Vessel days: | 108 / 108 |
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|Net TC-result: |USD 251,770 |
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| | |
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|Cash and working capital: | USD 19.77m |
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Contact:

Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb (a) 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.