Vår Energi ASA

Vår Energi ASA's share saving plan allocates shares

Sandnes, Norway, 9 March 2023: A total of 352 253 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 28.5528 per

share. The transactions are based on savings made in January, February and March

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

purchased 17 225 shares at an average price of NOK 28.5528 per share.

Details on individual allocation of shares to primary insiders and close

associates 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 and a net-zero

producer (Scope 1 and 2) by 2030.

Vår Energi has more than 900 employees and equity stakes in 36 fields producing

net 220,000 boe per day in 2022. 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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