OKEA ASA

Director's Dealing • Nov 16, 2021

Mandatory disclosure of trade

Mandatory disclosure of trade

Oslo, 16 November 2021: OKEA Holdings Ltd. has today sold 3,000,000 shares in

OKEA ASA (the "Company") at a price of NOK 22 per share. Following the sale,

OKEA Holdings Ltd. holds 16,072,993 shares in the Company, corresponding to

approx. 15.60% of the issued and outstanding shares and voting rights in the

Company. OKEA Holdings Ltd. is represented on the Company's board of directors

by board member Paul Murray.

OKEA Holdings Ltd. has entered into a customary lock-up agreement with the

Manager for its remaining shares in the Company valid for 90 days, subject to

customary exemptions.

This notification is subject to the disclosure requirements in Regulation (EU)

596/2014 (Market Abuse Regulation).