Vår Energi ASA

Share Issue/Capital Change • Mar 17, 2022

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eni S.p.A
2	Reason for the notification
a)	Position/status	A company closely associated with board members and primary insiders Francesco Gattei, Guido Brusco, Clara Andreoletti and Marica Calabrese
b)	Initial Notification Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Vår Energi ASA
b)	LEI	549300LIVN3FFOJN2K47
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Shares with ISIN NO 001 1202772
b)	Nature of the transaction	Sale of shares pursuant to greenshoe option Re-delivery of shares pursuant to greenshoe option
c)	Price(s) and volume(s)
		Price(s)	Volume(s)
		NOK 28.00	2,167,170 (Share sale) 18,457,830 (Re-delivery of shares)
d)	Aggregated information	20,625,000 Shares (sale +re-delivery of shares)

	— Aggregated
	volume
	— Price
e)	Date of the	2022-03-17, at 16.30, CET.
	transaction
f)	Place of the	Outside a trading venue
	transaction
g)	Additional	Sale of shares pursuant to greenshoe option
	Information	Re-delivery of shares pursuant to greenshoe option