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

10 Jun 2024 07:00 CEST

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
Ida.fjellheim@varenergi.no

Media relations
Andreas Wulff, VP Communications
+47 92616759
andreas.wulff@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
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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