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16 February 2023

Key information relating to cash dividend to be paid by Vår Energi ASA

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Sandnes, Norway, 16 February 2023: The Board of Vår Energi ASA (OSE: VAR) has resolved to pay a dividend payment of NOK 1.226 per share, NOK 3 060 594 058 in total, equal to USD 300 million relating to Q4 2022.

Dividend amount: 1.226

Announced currency: NOK

Last day including right: 23.02.2023

Ex-date: 24.02.2023

Record date: 27.02.2023

Payment date: 03.03.2023

Date of approval: 15.02.2023

The dividend will be paid in NOK and the NOK dividend amount is based on the daily exchange rate published by Norges Bank 15 February 2023 approximately at 1600hrs CET.

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 220,000 boe per day in 2022. We have our headquarters outside Stavanger, Norway, with offices in Oslo and Hammerfest. To learn more, please visit varenergi.no.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Ida Fjellheim, Head of Investor Relations at Vår Energi ASA, on 16 February 2023 at 07:00 CET.