M Vest Energy AS - Interim Financial Report Q1 2025

26 May 2025 14:45 CEST

Highlights M Vest Energy

In the first quarter M Vest Energy had revenues of 227 MNOK from its licenses,
Polarled (5%), Draugen (7,56%), Brage (4,4424%) and Ivar Aasen (0,8%).

EBITDA for the quarter was 152 MNOK.

No serious incidents occurred at any of our assets.

M Vest Energy has today notified Nordic Trustee AS that it will exercise the
call option to redeem all outstanding bonds under its senior secured bond issue
2022/2025 (with ISIN NO0012770942).

The exercise of the call option is conditional upon certain conditions as set
out in the call option notice being satisfied or waived no later than 6 June
2025.

Subject to satisfaction of the aforementioned conditions, the entire bond issue
will be repaid at a price equal to 103.00% of the nominal amount for each
redeemed bond plus accrued interest, with record date on 10 June 2025 and call
option repayment date on 12 June 2025.

For any questions, please contact:

Christian Tveit, CFO
christian.tveit@mvestenergy.no
+47 97127522

More information:
Access the news on Oslo Bors NewsWeb site

647522_Interim Financial Report 2025 Q1 M Vest Energy AS.pdf