Vår Energi ASA

Board/Management Information • Oct 15, 2024

Vår Energi announces change to the Executive Committee

Vår Energi announces change to the Executive Committee

Sandnes, Norway, 15 October 2024: Vår Energi ASA (OSE: VAR), today announces a

change to its executive committee. Effective 1 December 2024, Carlo Santopadre

will join the executive committee as Chief Financial Officer (CFO).

Carlo Santopadre has over 15 years of experience in the industry, primarily

with the Italian energy major, Eni SpA. He has held various senior finance roles

in Eni Head Office and subsidiaries across North Africa, the Middle East, and

West Africa. Prior to joining Eni he worked for KPMG.

Stefano Pujatti, who has served as CFO in Vår Energi since 2019, will be

pursuing new opportunities within Eni following a short transition period. The

Company thanks Stefano for his significant contributions and leadership over the

past five years.

"I would like to extend my gratitude to Stefano for his tremendous contribution

to the growth of Vår Energi and to become a leading Norwegian E&P. I wish him

every success in his future endeavours", said Nick Walker, CEO in Vår Energi.

"I am very proud to have been part of shaping the incredible journey of Vår

Energi over the past five years, as it has grown to become the third largest E&P

company on the NCS. It has been a privilege to be part of a team of

extraordinary colleagues and I would like to thank all the great people in Vår

Energi. I am proud of what we have achieved together and I am confident the

Company and Carlo will continue to deliver growth and value creation for our

employees and shareholders" said Stefano Pujatti, CFO of Vår Energi.

"We are excited to welcome Carlo to our executive team. His extensive experience

and proven track record in financial excellence will be invaluable as we

continue to drive growth and value creation" Mr Walker ends.

Contact

Investor relations

Ida Marie Fjellheim, VP Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

Media relations

Liv Jannie Omdal, VP Communications

+47 97667137

liv.omdal@varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the

Norwegian continental shelf (NCS). We are committed to deliver a better future

through responsible value driven growth based on over 50 years of NCS

operations, a robust and diversified asset portfolio with ongoing development

projects, and a strong exploration track record. Our ambition is to be the

safest operator on the NCS, the partner of choice, an ESG leader with a tangible

plan to reduce emissions from our operations by 50% within 2030. Vår Energi has

around 1400 employees and equity stakes in 43 fields. We have our headquarters

outside Stavanger, Norway, with offices in Oslo, Hammerfest and Florø. To learn

more, please visit varenergi.no.