Vår Energi ASA's share saving plan allocates shares

04 Jun 2024 18:34 CEST

Sandnes, Norway, 4 June 2024: A total of 399 561 shares were purchased on behalf
of employees in Vår Energi ASA (OSE: VAR) participating in the company's
employee share saving programme. The average purchase price was NOK 35.3795 per
share. The transactions are based on savings made in April, May, and June 2024.
86% of Vår Energi employees took part in the share saving for these months.

As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR)
purchased 16 797 shares at an average price of NOK 35.3795 per share.

Details on individual allocation of shares to primary insiders is included in
the attached notification of trading.

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 producing fields.
We have our headquarters outside Stavanger, Norway, with offices in Oslo,
Hammerfest and Florø. To learn more, please visit varenergi.no.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

Media relations

Andreas Wulff, Communication Manager

+47 92616759

andreas.wulff@varenergi.no

This information is subject to the disclosure requirements pursuant to
regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities
Trading Act.

More information:
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620683_240604_MAR_primary_insiders_Share_saving_June_2024.pdf