BlueNord ASA

BlueNord: Results of Conditional Tender Offer

Oslo, 4 July 2025: Reference is made to the stock exchange notice published by

BlueNord ASA ("BlueNord" or the "Company") on 23 June 2025, announcing the

commencement of a conditional Tender Offer to buy back the Company's

subordinated convertible bonds with ISIN NO 0012780867 ("BNOR15"). As previously

communicated, the Tender Offer period was set to close at 16:00 CEST on 4 July

BlueNord ASA hereby confirms that as of expiry of the Tender Offer period today,

the Company has received acceptances from bondholders representing approximately

99.99% of BNOR15. Settlement of the accepted BNOR15 bonds is expected to take

place on or about 11 July 2025, following which the Company intends to exercise

a clean-up call under BNOR15 thereby redeeming any remaining BNOR15 bonds in

full.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

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Contact:

Cathrine Torgersen, Chief Corporate Affairs Officer

Phone: +47 915 28 501

About BlueNord ASA

BlueNord is a strategically important European oil and gas company that

specialises in producing and developing energy resources, and in activities

which support the energy transition. The Company has a 36.8 percent interest in

the Danish Underground Consortium (DUC) that is responsible for oil and gas

production in the Danish North Sea. BlueNord is listed on the Oslo Stock

Exchange and trades under the ticker "BNOR". For further information, please

visit: www.bluenord.com.

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