BlueNord ASA

BlueNord ASA: Delivery of Previously Granted Retention Shares

Oslo, 19 September 2025: Reference is made to the stock exchange announcement

made by BlueNord ASA ("BlueNord" or the "Company") on 19 September 2022

regarding the establishment of a one-off retention scheme for the Company's

Executive Management (the "Retention Scheme"), whereby the previous existing

options issued to members of Executive Management team were cancelled and

translated into retention shares that vest in full after three years (the

"Retention Shares").

The three-year vesting period has ended, and the Retention Shares shall be

delivered to the relevant participants free of charge, calculated net after tax.

The following members of the current Executive Management team shall be

delivered Retention Shares:

· Euan Shirlaw, Chief Executive Officer, shall be delivered 31,553 shares free

of charge. Following such delivery, Euan Shirlaw owns a total of 45,114 shares

in the Company. In addition, Shirlaw has the right to receive maximum up to

23,229 shares in the Company under the LTI program before tax.

· Cathrine F. Torgersen, Chief Corporate Affairs Officer, shall be delivered

10,522 shares. Following such delivery, Cathrine Torgersen owns a total of

19,507 shares in the Company. In addition, Torgersen has the right to receive

maximum up to 10,435 shares in the Company under the LTI program before tax.

The Retention Shares shall be delivered from the Company's holding of treasury

shares. Following delivery, the Company will hold 931,438 treasury shares.

Please see attached primary insider notification forms in accordance with the

Market Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to Section 5

-12 of the Norwegian Securities Trading Act.

***

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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