Vår Energi receives investment grade credit rating from Fitch

02 Jul 2026 09:19 CEST

Sandnes, Norway, 2 July 2026:  Vår Energi ASA (OSE:VAR, "Vår Energi") has been
assigned a long-term issuer credit rating of BBB by Fitch Ratings ("Fitch"),
with a stable outlook.

The rating highlights Vår Energi's strong financial position and resilience, and
confirms the Company's solid investment grade profile. In addition, the rating
reflects Vår Energi's strong operational performance, diversified asset base and
financial resilience; underpinned by significant production growth following the
completion of major development projects in 2025. The rating also recognises the
Company's material resource base and strong future cash flow generation,
supporting a resilient capital structure.

Carlo Santopadre, Chief Financial Officer of Vår Energi, said:
"This rating from Fitch recognises the progress we have made in delivering
growth, strengthening our financial profile and building a diversified portfolio
of producing assets and future opportunities. We remain committed to maintaining
an investment grade profile through a robust balance sheet and a disciplined
capital allocation to continue to deliver sustainable long-term value creation."

Vår Energi is also currently rated Baa3 by Moody's and BBB by S&P Global, both
with a stable outlook.

Contact

Treasury

Rune Dreiem, SVP Finance and Treasury

+47 41085958

rune.dreiem@varenergi.no

Investor relations

Ida Marie Fjellheim, VP Investor Relations

+47 90509291

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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