Vår Energi ASA

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

Sandnes, Norway, 27 April 2022: The Board of Vår Energi ASA (OSE: VAR) has

resolved to pay a dividend payment of USD 225 000 000 (USD 0.0901 per share)

relating to Q1 2022.

Dividend amount: 0.0901

Announced currency: USD

Last day including right: 04.05.2022

Ex-date: 05.05.2022

Record date: 06.05.2022

Payment date: 12.05.2022

Date of approval: 26.04.2022

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

daily exchange rate published by Norges Bank 26 April 2022 approximately at

1600hrs CEST. The rate of 9.1758 results in a dividend payment in NOK 2 064 555

000 (NOK 0.8270 per share).

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 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 246,000 boe per day in 2021. 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 27 April 2022 at 07:00 CET.

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