OKEA ASA - Initiation of share acquisitions by employees

11 Mar 2025 08:00 CET

(Trondheim, 11 March 2025) OKEA ASA («OKEA» or the «Company») (OSE: OKEA). In
connection with the share-based bonus program in OKEA, Pareto has been mandated
to purchase shares in the market for an aggregate amount of up to NOK
27,778,226.61 in the Company on behalf of 492 employees, including primary
insiders. The collective share purchase will commence today and is expected to
be completed on 11 April 2025 at the latest.

Shares awarded under the Company's share-based bonus program will be subject to
a 12-month lock-up period from the date of purchase.

All share purchases will be executed on Euronext Oslo Børs.

Pareto Securities will make its own decisions related to the purchase of the
shares under the above mandate independently of, and without influence from the
Company.

The Company will publicly disclose the number of purchased shares at least every
seventh trading day.

For further information, please contact:
Birte Norheim, CFO

birte.norheim@okea.no

+47 952 933 21

About OKEA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no

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.

More information:
Access the news on Oslo Bors NewsWeb site

640888_Release.pdf