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NO

2 November 2022

Vår Energi ASA: Ex dividend Q3 2022

Sandnes, Norway, 2 November 2022: The shares in Vår Energi ASA (OSE: VAR) will be traded ex dividend of NOK 1.225 per share for the third quarter of 2022, as of today, 2 November.

With reference to the stock market announcement on 25 October, the Board of Vår Energi ASA resolved to pay a dividend payment of NOK 1.225 per share, NOK 3 058 097 651 in total, equal to USD 290 million, relating to Q3 2022. The dividend will be paid in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 24 October 2022 approximately at 1600hrs CEST.

Contact

Investor relations

Ida Marie Fjellheim, Head of 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). We are committed to deliver a better future through responsible value driven growth based on over 50 years of NCS operations, a robust and diversified asset portfolio with ongoing development projects, and a strong exploration track record. Our ambition is to be the safest operator on the NCS, the partner of choice, an ESG leader and a net-zero producer (Scope 1 and 2) by 2030.

Vår Energi has more than 900 employees and equity stakes in 36 fields producing net 246,000 boe per day in 2021. We have our headquarters outside Stavanger, Norway, with offices in Oslo and Hammerfest. To learn more, please visit varenergi.no.

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