OKEA ASA

Report Publication Announcement • Apr 15, 2025

OKEA historical financial information available in USD

OKEA historical financial information available in USD

(Trondheim, 15 April 2025) OKEA ASA (OSE: OKEA) will, effective from Q1 2025,

publish its financial reports in USD.  Historical financial information is

available for comparison using the following link:

https://www.okea.no/investor/historical-financial-info-in-excel/

OKEA has NOK as functional currency. Starting from Q1 2025, all figures in the

financial statements will be presented in USD, aligning with common practices in

the upstream oil and gas sector.  Comparative information for historical

financial information previously presented in NOK, has been published in USD to

conform with the current year's presentation.

For presentation purposes, balance sheet items are translated from functional

currency to USD using spot rates at the balance sheet date. Items within profit

or loss and other comprehensive income are translated from functional currency

to USD using average exchange rates for the periods presented, or actual rates

at the dates of the transactions if significantly different. For share capital

and share premium historical exchange rates are used.

For further information, please contact:

Stig Hognestad, VP Investor Relations

stig.hognestad@okea.no

+47 902 59 040

About OKEA

OKEA ASA is a leading mid- and late-life operator on the Norwegian continental

shelf (NCS). OKEA finds value where others divest and has an ambitious strategy

built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no