Vår Energi ASA

Vår Energi ASA: Mandatory notification of trade by primary insiders in connection with allocation of bonus shares

Sandnes, Norway, 14 January 2025: Vår Energi (OSE: VAR) has today carried out

its employee share purchase program related to 2022. Participants in the share

purchase program are eligible to receive one bonus share for every one share

bought in 2022, given these shares have not been sold or transferred in the

period.

A total of 673 698 shares will be allocated to employees. The shares have been

bought in the market, with an average purchase price of NOK 39.1762 per share.

Details on individual allocation of shares to primary insiders and close

associates is included in the attached notification of trading.

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the

Norwegian continental shelf (NCS). We are committed to deliver a better future

through responsible value driven growth based on over 50 years of NCS

operations, a robust and diversified asset portfolio with ongoing development

projects, and a strong exploration track record. Our ambition is to be the

safest operator on the NCS, the partner of choice, an ESG leader with a tangible

plan to reduce emissions from our operations by 50% within 2030.

Vår Energi has around 1400 employees and equity stakes in 42 producing fields.

We have our headquarters outside Stavanger, Norway, with offices in Oslo,

Hammerfest and Florø. To learn more, please visit varenergi.no.

Contact

Investor relations

Ida Marie Fjellheim, VP Investor Relations

+47 90509291

This information is subject to the disclosure requirements pursuant to

regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities

Trading Act.

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