Vår Energi ASA - M&A Activity 2024

Vår Energi ASA: Completion of intra-group merger with Vår Energi Norge AS

Sandnes, Norway, 10 June 2024: Reference is made to previous announcements by

Vår Energi ASA (OSE: VAR, "Vår Energi") regarding the merger with its wholly

owned subsidiary Vår Energi Norge AS (formerly Neptune Energy Norge AS).

The merger has now been completed and registered with the Norwegian Register of

Business Enterprises, and consequently all assets, rights and obligations of Vår

Energi Norge AS have been transferred to Vår Energi.

No merger consideration was payable and Vår Energi's registered share capital

remains unchanged.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

Media relations

Andreas Wulff, VP Communications

+47 92616759

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the

Norwegian continental shelf (NCS). We are committed to deliver a better future

through responsible value driven growth based on over 50 years of NCS

operations, a robust and diversified asset portfolio with ongoing development

projects, and a strong exploration track record. Our ambition is to be the

safest operator on the NCS, the partner of choice, an ESG leader with a tangible

plan to reduce emissions from our operations by 50% within 2030. Vår Energi has

around 1300 employees and equity stakes in 47 fields. We have our headquarters

outside Stavanger, Norway, with offices in Oslo, Hammerfest and Florø. To learn

more, please visit varenergi.no.

This information is subject of the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.

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