Vår Energi ASA

Report Publication Announcement • Jul 25, 2023

Correction: Vår Energi reports second quarter 2023 results

Correction: Vår Energi reports second quarter 2023 results

Sandnes, Norway, 25 July 2023: With reference to the stock market announcement on 25 July related to Vår Energi ASA’s (OSE: VAR) second quarter results, please see attached for an updated second quarter and first six months 2023 report. The Net Interest Bearing Debt (NIBD) has been updated to include leasing obligations on page 5 and 17.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

ida.fjellheim@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 1000 employees and equity stakes in 39 fields and the company produced net 208,000 boe per day in first half of 2023. We have our headquarters outside Stavanger, Norway, with offices in Oslo and Hammerfest. To learn more, please visit varenergi.no.