BlueNord: Issue of New Shares Following Option Exercise

17 Jul 2024 23:16 CEST

Oslo, 17 July 2024: Further to its announcement earlier today regarding option
exercise of 4,868 options by board member Marianne Lie, BlueNord ASA ("BlueNord"
or the "Company") announces that the Company's board of directors has
consequently resolved to issue 4,868 new shares at a subscription price of NOK
160 per share, pursuant to the authorisation to the board to issue new shares as
granted by the Company's annual general meeting on 14 May 2024.

Following the issue of the new shares, the Company's share capital will be NOK
14,295,060.881332 consisting of 26,480,696 shares each with a par value of NOK
0.5398295.

Following the exercise of options, 3,500 options remain outstanding in the
Company.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

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

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 (DUC) 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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