OKEA ASA

AGM Information • May 3, 2021

OKEA ASA - Minutes of Annual General Meeting

OKEA ASA - Minutes of Annual General Meeting

On 3 May 2021 at 0800 CET, OKEA ASA ('Company'), held an Annual General Meeting

at the Company's offices in Kongens gate 8, Trondheim.

All items on the agenda were resolved in accordance with the Board of Directors'

proposals, including the proposal to grant the Board authorisation to increase

the share capital by a maximum amount of NOK 1 030 054 in one or more share

capital increases through issuance of new shares.

At the General Meeting Rune Olav Pedersen, Nicola Gordon and Finn Haugan were

reelected to the Board.  Grethe Moen and Saowapap Sumeksri  were elected as new

members of the Board.

Please find enclosed the minutes from the general meeting.

For further information, please contact:

Marit Moen Vik-Langlie, VP Legal, +47 407 63 671

Trond Omdal, VP Investor Relations, +47 915 32 578

About OKEA

OKEA ASA is an Exploration and Production (E&P) company and operator on the

Norwegian Continental Shelf with production of ~16,000 boe per day. The company

aims to grow through low-cost field developments of discoveries with reserves up

to 100 million boe and mergers and acquisitions (M&A). The operating

organisation is built on the acquisition of the producing field Draugen in 2018.

OKEA ASA is listed on Oslo Stock Exchange under the ticker "OKEA".

More information on www.okea.no