Correction: BlueNord ASA - Award of Performance Shares under LTI-Program

08 Aug 2025 23:19 CEST

Oslo, 8 August 2024: Reference is made to the previous stock exchange notices
regarding grant and award of performance shares under the Long-Term Incentive
Scheme ("LTI") of BlueNord ASA ("BlueNord" or the "Company") as first announced
on 19 September 2022. Further reference is made to BlueNord's announcements,
including on 14 July 2025, regarding repurchase of own shares for the purpose
of, amongst other things, use in the Company's share incentive program.

The third and final conclusion of the award of performance shares under the LTI
program established in 2022 has been made today, and the Company's board of
directors has resolved to deliver a total of 25,124* existing shares in the
Company to the participants in the 2022 LTI program. The number of vested shares
applicable for the award constitutes 50% of the total number of granted
performance shares as announced by the Company on 19 September 2022 to each of
the primary insiders. The award is adjusted for the KPI performance applicable
for the 2022 LTI program and the shares are awarded net of tax based on the
share price of NOK 477.50 at the time of award.

Following the delivery of these shares, the Company owns 976,658 own shares in
treasury.

Following this award, the total number of shares that maximum can be awarded
under the LTI program is 122,806 (before tax).

The following members of the Executive Management of the Company have today been
allocated the following number of shares under the LTI program:

· Euan Shirlaw, Chief Executive Officer, was awarded 6,465 shares. Following
this award, Euan Shirlaw owns a total of 13,561 shares in the Company. In
addition, Shirlaw has the right to receive maximum up to 23,229 shares in the
Company under the LTI program and 60,014 retention shares in the Company vesting
in September 2025, in each case before tax.
· Jacqueline Lindmark Boye, Chief Financial Officer, was awarded 785 shares.
Following this award, Jacqueline Lindmark Boye owns a total of 1,740 shares in
the Company. In addition, Boye has the right to receive maximum up to 12,042
shares in the Company under the LTI program before tax.
· Miriam Lykke, Chief Operating Officer, was awarded 1,285 shares. Following
this award, Miriam Lykke owns a total of 2,292 shares in the Company. In
addition, Lykke has the right to receive maximum up to 5,372 shares in the
Company under the LTI program before tax.
· Cathrine Torgersen, Chief Corporate Affairs Officer, was awarded 3,270
shares. Following this award, Cathrine Torgersen owns a total of 8,985 shares in
the Company. In addition, Torgersen has the right to receive maximum up to
10,435 shares in the Company under the LTI program and 20,404 retention shares
in the Company vesting in September 2025, in each case before tax.

Future grants and awards of shares made under the Company's LTI programs shall
be announced if and when made.

Please see attached primary insider notification forms in accordance with the
Market Abuse Regulation article 19.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

***

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

About BlueNord ASA

BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company operates in the Danish North
Sea with a 36.8 percent interest in the Danish Underground Consortium (DUC).
BlueNord is listed on the Oslo Stock Exchange and trades under the ticker
"BNOR". For further information, please visit: www.bluenord.

More information:
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652442_BlueNord_ASA_Primary_insider_notification_forms_8_August_2025.pdf