Oslo, 26 February 2026

The VLCC market has strengthened significantly in recent months, supported by
solid demand fundamentals and tightening vessel supply. February earnings have
averaged approximately USD 149,200 per day to date, while current index-linked
spot rates are around USD 219,300 per day. The forward outlook for 2026 remains
positive.

With a fixed charter rate of USD 51,750 per day, the Company is capturing a
substantial earnings margin in the current market environment. This is
translating into strong profitability and significant free cash flow generation.

The Board's clear priority is to return capital to shareholders. The Board has
agreed to distribute a combined dividend of NOK 0.98 per share. NOK 0.40 per
share is expected to be distributed in mid-March, while NOK 0.58 per share is
expected to be distributed in early April, contingent upon a renewed dividend
authority at the March 20[th ]AGM. Further details will be provided in separate
notices.

The Board reiterates its firm commitment to returning all excess cash to
shareholders.

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 published in accordance with the requirements of the
Continuing Obligations.