OKEA ASA

OKEA ASA: Fixed Income Investor Meetings for Contemplated Senior Secured Bond

(Trondheim, 10 June, 2025): OKEA ASA (OSE: OKEA) ("OKEA" or the "Company") has

mandated Arctic Securities AS, DNB Carnegie, a part of DNB Bank ASA, and Pareto

Securities AS as Joint Bookrunners to arrange a series of fixed income investor

meetings commencing today.

A new 4-year senior secured bond with an initial issue amount of USD 175 million

may follow, subject to inter alia market conditions. Net proceeds from the

contemplated bond issue will be used for the redemption of the Company's

existing outstanding USD 125 million senior secured bond with maturity in

September 2026 (ISIN NO 0013009282) ("OKEA04") and for general corporate

purposes.

Subject to successful completion of the contemplated bond issue, OKEA04 will be

called in full at the prevailing call price.

This information is considered to be inside information pursuant to Regulation

EU 596/2014 (MAR) and is subject to the disclosure requirements pursuant to MAR

article 17 and section 5-12 of the Norwegian Securities Trading Act. The

information was submitted for publication by Stig Hognestad, VP Investor

Relations, OKEA ASA on 10 June 2025 at 06:00.

For further information, please contact:

Stig Hognestad, VP Investor Relations

+47 902 59 040

Or:

Birte Norheim, CFO

+47 952 933 21

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

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