OKEA ASA

Remuneration Information • Jan 5, 2022

Employees in OKEA ASA intend to buy shares for NOK 28.7 million

Employees in OKEA ASA intend to buy shares for NOK 28.7 million

Based on the incentive program in OKEA ASA (the "Company" or "OKEA"), Pareto

Securities has received an order to purchase shares in the market for an

aggregate amount of up to NOK 28,707,886 on behalf of 214 employees in the

Company.

The purchase will be completed as a reverse bookbuilding today with close no

later than 6 January 2022 at 08:00 (CET). The reverse bookbuilding may be closed

earlier, but in no event before today, 5 January, at 18:00 (CET). The

transaction may be canceled or changed at any time prior to completion, or be

completed only in part.

Shareholders with questions regarding the transaction are kindly asked to

contact Pareto Securities at +47 22 87 87 50.

Contact person for other questions: Birte Norheim, OKEA CFO, at +47 95 29 33 21.

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation. This stock exchange announcement was published by Birte

Norheim, CFO at OKEA, on 5 January 2022 at 16:30 CET.

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).