Completed purchases under share-based bonus program and mandatory notification of trade

29 Mar 2023 18:20 CEST

Trondheim, 29 March 2023

Reference is made to the stock exchange announcement made 22 March 2023
regarding share purchase by Pareto Securities on behalf of 389 employees of OKEA
ASA (the "Company", or "OKEA", ticker: "OKEA"). With today's purchase, the
collective share purchase for an aggregate amount of up to NOK 20,650,722 is
completed.

In total, 698,221 shares have been purchased on behalf of employees in OKEA at
an average purchase price of NOK 29.5762 per share.

As part of the program, primary insiders in OKEA purchased 87,480 shares at an
average purchase price of NOK 29.5762 per share.

Copies of notification of each of the persons discharging managerial
responsibilities ("PDMRs") for their respective participation in the purchase
are attached hereto.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian
Securities Trading Act.

For further information, please contact:

VP IR & Communication, Anca Jalba

anca.jalba@okea.no

+47 41 08 79 88

About OKEA

OKEA ASA is a leading mid-to-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 is available at ww.okea.no

More information:
Access the news on Oslo Bors NewsWeb site

586553_KRT_1500_PDMRs_29_March_2023.pdf
586553_Release.pdf