OKEA ASA

Transaction in Own Shares • Oct 3, 2019

OKEA - completion of purchase program for shares under company incentive program

OKEA - completion of purchase program for shares under company incentive program

OKEA - completion of purchase program for shares under company incentive program

OKEA ASA ("OKEA" or the "company") is pleased to announce that following the

purchase of ordinary shares on 2 October 2019, the purchase program for shares

under the company's incentive program as announced on 13 September 2019 has been

completed.

In aggregate, 340,045 ordinary shares have been purchased at a VWAP of NOK

20.2146 per share.

The following primary insiders have purchased shares at a price of NOK 20.2146

per share as part of the purchase program (number of shares purchased under the

company's incentive program and number of shares in OKEA held post purchase in

brackets):

·       Erik Haugane (6,059 shares in OKEA purchased through Kørven AS,

1,050,379 shares and warrants to 250,000 shares in OKEA held post the purchase)

·       Tor Bjerkestrand (4,847 shares in OKEA purchased, 28,661 shares and

warrants to 40,000 shares in OKEA held post the purchase)

·       Ola Borten Moe (4,328 shares in OKEA purchased through Skjefstad Vestre

AS, 556,860 shares and warrants to 250,000 shares in OKEA held post the

purchase)

·       Anton Ernst Tronstad (4,328 shares in OKEA purchased through

Sjækerhatten AS, 1,451,738 shares and warrants to 250,000 shares in OKEA held

post the purchase)

·       Kjersti Hovdal (4,068 shares in OKEA purchased, 114,348 shares in OKEA

held post the purchase)

·       Andrew James McCann (3,967 shares in OKEA purchased, 34,919 shares in

OKEA held post the purchase)

·       Ida Ianssen Lundh (2,683 shares in OKEA purchased, 48,963 shares in OKEA

held post the purchase)

·       Marit Vik-Langlie (2,683 shares in OKEA purchased, 9,183 shares in OKEA

held post the purchase)

·       Ragnhild Aas (2,597 shares in OKEA purchased, 67,137 shares and warrants

to 25,000 shares in OKEA held post the purchase)

·       Anne Lene Rømuld (2,431 shares in OKEA purchased, 29,573 shares in OKEA

held post the purchase)

·       Frank Stensland (2,268 shares in OKEA purchased, 11,791 shares in OKEA

held post the purchase)

·       Bjørn Pettersen (2,209 shares in OKEA purchased, 2,209 shares in OKEA

held post the purchase)

·       Jan Atle Johansen (1,219 shares in OKEA purchased, 33,121 shares in OKEA

held post the purchase)

·       Bengt Morten Sangolt (1,219 shares in OKEA purchased, 1,219 shares in

OKEA held post the purchase)

All purchases made have been carried out on behalf and for the account of the

relevant employees, and OKEA has not acquired any own shares for treasury. The

shares purchased under the company's incentive program are subject to a 12-month

lock-up period on certain terms.

Contacts:

Erik Haugane, CEO, +47 90721655

Stale Myhre, VP Investor Relations, +47 91751878

This information is subject to the disclosure requirements pursuant to section 4

-3 and 5-12 of the Norwegian Securities Trading Act.