BlueNord: Successful Placement of USD 300 Million Senior Unsecured Bond Issue and Redemption of BNOR14

13 Jun 2024 16:00 CEST

Oslo, 13 June 2024: BlueNord ASA ("BlueNord" or the "Company") is pleased to
announce that it has successfully completed a new 5-year senior unsecured bond
issue of USD 300 million with a coupon rate of 9.5% percent, issued at par. The
bond issue attracted strong interest from Nordic and international investors,
was significantly oversubscribed and priced at the bottom end of the initial
price indications.

The net proceeds from the contemplated bond issue will be used to refinance the
Company's existing BNOR14 USD 175m senior unsecured bonds (ISIN NO 0010870900)
and for general corporate purposes. Settlement of the bond issue is expected on
or about 2 July 2024 (the "Issue Date"), and the Company will prior to such date
issue an irrevocable and unconditional call notice for full redemption of BNOR14
at the prevailing call price.

The new senior unsecured bond completes the Company's capital structure reset in
light of the substantial free cash flow generation enabled by Tyra II, and will
facilitate the Company to deliver on its shareholder distributions objectives as
earlier communicated.

DNB Markets, part of DNB Bank ASA and Pareto Securities AS acted as Joint Global
Coordinators and Joint Lead Bookrunners,  Arctic Securities AS acted as Joint
Bookrunner and Financial Advisor to the Company and Fearnley Securities AS acted
as Joint Bookrunner and ABN AMRO Bank N.V., Clarksons  Securities AS and
SpareBank 1 Markets AS acted as Co-Managers in the transaction. Advokatfirmaet
BAHR AS acted as legal advisor to the Company and Advokatfirmaet Thommessen AS
acted as legal advisor to the Joint Global Coordinators.

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act and requirements under the EU Market
Abuse Regulation.

About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company has a 36.8 percent interest in
the Danish Underground Consortium that is responsible for oil and gas production
in the Danish North Sea. BlueNord is listed on the Oslo Stock Exchange and
trades under the ticker "BNOR". For further information, please visit:
www.bluenord.com.

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