BlueNord: Hedging Update and Company Presentation DNB Carnegie's Energy & Shipping Conference

04 Mar 2026 10:10 CET

Oslo, 4 March 2026: BlueNord ASA ("BlueNord" or "the Company") is presenting at
DNB Carnegie's Energy & Shipping Conference in Oslo today. The presentation is
attached here, and includes an updated hedge portfolio.


BlueNord has increased its base hedging position using swap and collar
structures from approximately 60% of expected 2026 production at the end of
February 2026 to nearly 70% of expected production today, taking advantage of
the significantly higher commodity prices seen during this period.

For the majority of the remaining 30% of its expected 2026 production, volumes
that sit above the maximum hedging limits permitted under the Company's reserve
-based lending facility, BlueNord has purchased put options with strike prices
of $75/bbl for oil and Euro 40/MWh for gas.

"Following the recent volatility in commodity markets, we have strengthened our
hedging position across both oil and gas while continuing to retain meaningful
exposure to higher prices. As a result, we now have downside price protection
across approximately 100% of our expected 2026 production. By using purchased
put options on the volumes above the RBL hedge limits, we retain full upside
exposure on that portion of production. With 2026 expected to be a year of
strong cash generation, this structure provides a solid foundation for
maximising shareholder distributions under our policy of returning 50-70 percent
of operating cash flow to shareholders," said Jacqueline Lindmark Boye, Chief
Financial Officer of BlueNord.

This information is subject to disclosure requirements pursuant to section 5-12
of 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  has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.

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