OKEA historical financial information available in USD

15 Apr 2025 10:46 CEST

(Trondheim, 15 April 2025) OKEA ASA (OSE: OKEA) will, effective from Q1 2025,
publish its financial reports in USD.  Historical financial information is
available for comparison using the following link:
 https://www.okea.no/investor/historical-financial-info-in-excel/

OKEA has NOK as functional currency. Starting from Q1 2025, all figures in the
financial statements will be presented in USD, aligning with common practices in
the upstream oil and gas sector.  Comparative information for historical
financial information previously presented in NOK, has been published in USD to
conform with the current year's presentation.

For presentation purposes, balance sheet items are translated from functional
currency to USD using spot rates at the balance sheet date. Items within profit
or loss and other comprehensive income are translated from functional currency
to USD using average exchange rates for the periods presented, or actual rates
at the dates of the transactions if significantly different. For share capital
and share premium historical exchange rates are used.

For further information, please contact:
Stig Hognestad, VP Investor Relations
stig.hognestad@okea.no
+47 902 59 040

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

More information:
Access the news on Oslo Bors NewsWeb site

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