Vår Energi ASA

Vår Energi ASA's share saving plan allocates shares

Sandnes, Norway, 6 December 2023: A total of 308 168 shares were purchased on

behalf of employees in Vår Energi ASA (OSE: VAR) participating in the company's

employee share saving programme. The average purchase price was NOK 32.1133 per

share. The transactions are based on savings made in October, November and

December 2023. More than 80% of Vår Energi employees took part in the share

saving plan for these months.

As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR)

purchased 13 267 shares at an average price of NOK 32.1133 per share.

Details on individual allocation of shares to primary insiders is included in

the attached notification of trading.

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 1000 employees and equity stakes in 40 fields and the

company produced net 209,000 boe per day in the first nine months of 2023. We

have our headquarters outside Stavanger, Norway, with offices in Oslo and

Hammerfest. To learn more, please visit varenergi.no.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

Media relations

Andreas Wulff, Communication Manager

+47 92616759

This information is subject to the disclosure requirements pursuant to

regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities

Trading Act.

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