Vår Energi ASA

Key information relating to cash dividend to be paid by Vår Energi ASA

Sandnes, Norway, 24 October 2023: The Board of Vår Energi ASA (OSE: VAR) has

resolved to pay a dividend payment of NOK 1.204 per share, NOK 3 005 673 120 in

total, equal to USD 270 million relating to Q3 2023.

Dividend amount: 1.204

Announced currency: NOK

Last day including right: 02.11.2023

Ex-date: 03.11.2023

Record date: 06.11.2023

Payment date: 16.11.2023

Date of approval: 23.10.2023

The dividend will be paid in NOK and the NOK dividend amount is based on the

daily exchange rate published by Norges Bank 23 October 2023 approximately at

1600hrs CET.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

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 39 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.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to Section 5-12 the Norwegian Securities Trading Act. This stock exchange

release was published by Ida Fjellheim, Head of Investor Relations at Vår Energi

ASA, on 24 October 2023 at 07:00 CET.

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