28. May 2026

  · Spot rates averaged USD 232,832 per day during Q1 2026.
  · Average fixed TC-in rate of USD 51,750 per day
  · Average TC margin (loss) of USD 181,082 per day
  · 100% utilization, operating all available days

  · 62% of Q2 2026 vessel days booked at average USD 466,266 per day
  · May has so far averaged USD 462,137per day
  · Current spot rates are around average USD 418,676 per day

The Company intends to maximize value by returning excess capital to its
shareholders

The board proposes a dividend of NOK 1.25 per share subject EGM approval.

Financial highlights                              Q1 2026
Net TC result (loss)                             USD 32.6 m
Unrealized non-cash TC position result (loss)    USD 29.9 m
Total operating expenses                        USD (0.9) m
Net profit                                       USD 53.0 m

Avg. spot-linked TC-out rate                   USD 232,832 /d
Avg. fixed TC-in rate                           USD 51,750/d
Avg. TC-margin (loss)                          USD 181,082/d
Operational days/Available days:                 180 / 180

Cash and working capital                         USD 39,8 m

Please see the enclosed report for further information.

Contact:

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

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Vedlegg
\
of the Norwegian Securities Trading Act.\
\
Vedlegg\