OKEA ASA

OKEA ASA - Results from bondholders' meetingOKEA ASA - Results from bondholders' meeting

OKEA ASA - Results from bondholders' meeting

Trondheim, 29 June 2020 - Reference is made to the summons letter dated 15 June

2020 whereby the Bond Trustee at the request of OKEA ASA (the "Company") called

for bondholders' meetings for each of the OKEA02 (with ISIN NO 0010826852) and

OKEA03 (with ISIN NO 001869175).

The bondholders' meetings were held today and the proposed resolutions were

approved by a qualified majority in each of the bondholders' meetings. As a

consequence, the Bond Terms will be updated accordingly. For the sake of good

order, the bondholders' meetings summoned by a group of bondholders to be held

on 2 July and 7 July respectively are therefore no longer relevant, and no

further action in relation to these meetings will be accepted or taken by the

Company.

Notice from the bondholders' meetings is attached.

DNB Markets acted as financial advisor and Schjødt as legal advisor in

connection with the amendment process.

For further info please contact:

Birte Norheim, CFO, + 47 952 93 321

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

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