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):

in OKEA held post the purchase)

in OKEA held post the purchase)

in OKEA held post the purchase)

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)

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, +47 907 21 655

Stale Myhre, VP Investor Relations, +47 917 51 878

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

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