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

29 May 2026 08:54 CEST

Sandnes, Norway, 29 May 2026: As part of Vår Energi ASA's (OSE: VAR) long-term
incentive (LTI) program for the Executive Committee and business critical
personnel, a total number of 170 164 shares at an average price of 46.421 NOK
per share have been allocated.

The total allocation was executed through three separate transactions, of which
this allocation represents the final share purchase in 2026. 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.

Contact

Investor relations
Ida Marie Fjellheim, VP Investor relations
+47 905 09 291
ida.fjellheim@­­varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the
Norwegian continental shelf (NCS). To learn more, please visit varenergi.no.

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674872_260528_MAR_primary_insiders_LTI_porgramme_28_May_2026.pdf