Vår Energi announces change to the Executive Committee

15 Oct 2024 08:30 CEST

Sandnes, Norway, 15 October 2024: Vår Energi ASA (OSE: VAR), today announces a
change to its executive committee. Effective 1 December 2024, Carlo Santopadre
will join the executive committee as Chief Financial Officer (CFO).

Carlo Santopadre has over 15 years of experience in the industry, primarily
with the Italian energy major, Eni SpA. He has held various senior finance roles
in Eni Head Office and subsidiaries across North Africa, the Middle East, and
West Africa. Prior to joining Eni he worked for KPMG.

Stefano Pujatti, who has served as CFO in Vår Energi since 2019, will be
pursuing new opportunities within Eni following a short transition period. The
Company thanks Stefano for his significant contributions and leadership over the
past five years.

 "I would like to extend my gratitude to Stefano for his tremendous contribution
to the growth of Vår Energi and to become a leading Norwegian E&P. I wish him
every success in his future endeavours", said Nick Walker, CEO in Vår Energi.

"I am very proud to have been part of shaping the incredible journey of Vår
Energi over the past five years, as it has grown to become the third largest E&P
company on the NCS. It has been a privilege to be part of a team of
extraordinary colleagues and I would like to thank all the great people in Vår
Energi. I am proud of what we have achieved together and I am confident the
Company and Carlo will continue to deliver growth and value creation for our
employees and shareholders" said Stefano Pujatti, CFO of Vår Energi.

"We are excited to welcome Carlo to our executive team. His extensive experience
and proven track record in financial excellence will be invaluable as we
continue to drive growth and value creation" Mr Walker ends.

Contact

Investor relations
Ida Marie Fjellheim, VP Investor Relations
+47 90509291
ida.fjellheim@varenergi.no

Media relations

Liv Jannie Omdal, VP Communications

+47 97667137

liv.omdal@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 1400 employees and equity stakes in 43 fields. We have our headquarters
outside Stavanger, Norway, with offices in Oslo, Hammerfest and Florø. To learn
more, please visit varenergi.no.

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