Vår Energi ASA: Shares allocated to primary insiders as part of the long-term incentive program

24 Apr 2025 17:24 CEST

Sandnes, Norway, 24 April 2025: As part of Vår Energi ASA's (OSE: VAR) long-term
incentive (LTI) program for executive committee, a total number of 633
201 shares at an average price of 29.9219 NOK per share have been allocated.
Under the program, the executive committee can be awarded between 12.5% to 45%
of their base salary in restricted shares. The CEO can be awarded between 50% to
150% of his base salary. The restricted shares have a vesting period of three
years.

Details on individual allocation of shares to primary insiders is included in
the attached notification of trading.

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.

Safe and responsible operations are at the core of our strategy. Our ambition is
to be the safest operator on the NCS, and to become carbon neutral in our net
equity operational emissions by 2030.

Vår Energi has around 1400 employees and equity stakes in 42 producing fields.
We have our headquarters outside Stavanger, Norway, with offices in Oslo,
Hammerfest and Florø. To learn more, please visit varenergi.no.

Contact

Investor relations

Ida Marie Fjellheim, VP Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

This information is subject to the disclosure requirements pursuant to
regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities
Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

644344_MAR_primary_insiders_LTI_program_April_2025.pdf