BlueNord: Option Exercise - Issue of New Shares

17 Jul 2024 11:27 CEST

Oslo, 17 July 2024: BlueNord ASA ("BlueNord" or the "Company") announces that
board member Marianne Lie has exercised all her 4,868 options to have an equal
number of shares issued by the Company at a strike price of NOK 160 per share.
Please see attached notification form in accordance with the Market Abuse
Regulation article 19 related to the option exercise.

Marianne Lie has informed the Company that she intends to sell the same number
of shares in the market, to maintain her existing ownership in BlueNord (i.e.
prior to option exercise and any sale of shares) of 8,954 shares.

Following this exercise of options, 3,500 options for shares as issued by the
Company are outstanding.

As a result of the exercise, the Company will deliver 4,868 new shares. It is
therefore expected that the board of directors of the Company will resolve 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.

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

***

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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623751_BN_ML_PDMR_form_170724.pdf