OKEA ASA

Director's Dealing • May 26, 2021

Mandatory notification of trade

Mandatory notification of trade

Reference is made to the stock exchange announcement March 12,[ ]2021 when OKEA

Holdings Ltd., closely related party to Board member in OKEA ASA Paul Murray,

entered into an option agreement related to the sale of options to acquire

274,120 common shares of OKEA ASA to an unrelated financial investor.

The option agreement has today been exercised at an average price of NOK 13.77

per share. Following this transaction, OKEA Holdings Ltd. holds a total of

19,372,993 shares in OKEA ASA.

Reference is made to the attached document for further details of the

transaction.

This information is subject to the disclosure requirements in Regulation EU

596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

The stock exchange announcement was published by Trond Omdal, VP Investor

Relations, OKEA ASA.