OKEA ASA

Director's Dealing • Jan 5, 2022

Successful purchase of shares in OKEA ASA - mandatory notification of trade

Successful purchase of shares in OKEA ASA - mandatory notification of trade

Reference is made to the stock exchange notification at 16.30 CET today

regarding the possible purchase of shares in OKEA ASA (the "Company") in

connection with the Company's incentive program.

Based on received sales interest from shareholders, employees have on 5 January

2022 purchased a total of 1,063,156 shares in the Company. All shares are

purchased at a price of NOK 27.00 per share (the "Purchase Price"), giving a

total purchase price of NOK 28,705,212.

The following persons discharging managerial responsibilities ("PDMRs") have

purchased shares as set out below:

Name Position Number of shares at the Purchase Price

Svein J. CEO 12,345

Liknes

Birte CFO 13,995

Norheim 1)

Knut SVP Projects & Technology 14,337

Gjertsen

Andrew SVP Subsurface 12,199

McCann

Trond VP Investor Relations 10,261

Omdal

Jan Atle Board member 3,476

Johansen

John Board member 7,812

Kristian

Larsen

Anne Lene Board member 6,800

Rømuld

Ragnhild Deputy board member 7,379

Aas

Gro Anita Deputy board member 3,476

Markussen

Jens Arne Deputy board member 6,096

Megaard

1. Through her wholly owned company, Bino Consult AS

OKEA ASA is a leading mid-to-late-life operator on the Norwegian continental

shelf (NCS) with a current target production of 18 000 - 19 000 boe per day in

2022. OKEA seeks value where others divest and has an ambitious growth strategy

built on accretive M&A activities, value creation and capital discipline. OKEA

is listed on the Oslo Stock Exchange (OSE: OKEA). More information is available

at www.okea.no (http://www.okea.no)