Vår Energi ASA: Mandatory notification of trade by close associates to primary insiders in connection with transfer of bonus shares

21 Apr 2023 09:59 CEST

Sandnes, Norway, 21 April 2023: Reference is made to the stock exchange
announcement on 23 February 2023 regarding allocation of bonus shares to
investors participating in the initial public offering (the "IPO") of Vår Energi
ASA ("Vår Energi" or the "Company", OSE: VAR) on the Oslo Stock Exchange.

An additional number of 21 778 bonus shares has today been transferred by ENI
International B.V and Point Resources Holding AS for delivery to shareholders
who were allocated shares in the retail offering. Please see attached
notification forms on behalf of Eni International B.V. and Point Resources
Holding AS for the transfer of shares to the shareholders.

This information is subject to the disclosure requirements in articles 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

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
and concrete plan to reduce emissions from our operations by 50% within 2030.

Vår Energi has more than 900 employees and equity stakes in 36 fields producing
net 220,000 boe per day in 2022. We have our headquarters outside Stavanger,
Norway, with offices in Oslo and Hammerfest. To learn more, please visit
varenergi.no.

More information:
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588181_PDMR_Notifications_Var_Energi_21_April_2023.pdf