Hunter Group ASA - Business Update on reduced charter hire from one of the counterparties.

Oslo, 18 May 2026

Reference is made to the stock announcement published by Hunter Group ASA (the "Company") on 15 April 2026 regarding one of the Company's long-term contractual counterparty's reduced payment of time charter hire in March.

The counterparty continues to dispute its contractual obligation and has paid approximately USD 9,223,000 less than the amount due for April 2026.

The Company and its legal advisors remain confident that the counterparty has no merit for the reduced payments. The Company considers the counterparty to be in continued breach of contract and will continue to take all necessary steps to protect its contractual rights.

The Company will provide updates to the market when appropriate.

For the month of April, the Company recorded net time charter earnings of approximately USD 24,804,000, of which approximately USD 9,223,000 remains outstanding pending resolution of the matter described above, increasing the total disputed amount to approximately USD 17,838,000, plus accrued interest.

Contact:

Erik M. Mathiesen, CEO, erik.mathiesen@huntergroup.no, Ph.: +47 468 20 659

This stock announcement contains inside information and is published by Erik M. Mathiesen, CEO of Hunter Group ASA, on the date and time indicated above in accordance with Article 17 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.