BlueNord: Grant of Performance Shares

12 Dec 2025 16:58 CET

Oslo, 12 December 2025: Reference is made to the implementation of BlueNord
ASA's ("BlueNord" or the "Company") Long-Term Incentive Scheme ("LTI") as
announced on 19 September 2022.

Under the LTI programme an additional 67,452   BlueNord shares have been granted
of which the BlueNord executive team has been allocated the following:

· Euan Shirlaw has been granted a maximum of 11,673  shares, bringing his
total potential allocation of performance shares under the LTI program to 34,901
  shares before tax. Shirlaw owns 45,114 ordinary shares.
· Jacqueline Lindmark Boye has been granted a maximum of 7,286 shares,
bringing her total potential allocation under the LTI program to 19,329   shares
before tax. Boye currently holds 1,740 ordinary shares in the Company.
· Miriam Jager Lykke has been granted a maximum of 5,413 performance shares,
bringing her total potential allocation under the LTI program to 10,786   shares
before tax. Lykke currently holds 2,302   ordinary shares in the Company.
· Cathrine F. Torgersen has been granted a maximum of 5,100 performance
shares, bringing her total potential allocation under the LTI program to 15,535
shares before tax. Torgersen currently holds 19,507 ordinary shares in the
Company.

The 2025 LTI program has a three-year vesting period, with the entitlement to
and number of shares determined on an annual basis. See announcement on 19
September 2022 and the Executive Remuneration Report 2024 for further
information about the terms of the LTI and the Retention Scheme.

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:
Access the news on Oslo Bors NewsWeb site