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6 December 2023

Vår Energi ASA’s share saving plan allocates shares

Sandnes, Norway, 6 December 2023: A total of 308 168 shares were purchased on behalf of employees in Vår Energi ASA (OSE: VAR) participating in the company’s employee share saving programme. The average purchase price was NOK 32.1133 per share. The transactions are based on savings made in October, November and December 2023. More than 80% of Vår Energi employees took part in the share saving plan for these months.

As part of the programme, primary insiders in Vår Energi ASA (OSE: VAR) purchased 13 267 shares at an average price of NOK 32.1133 per share.

Details on individual allocation of shares to primary insiders is included in the attached notification of trading.

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 with a tangible plan to reduce emissions from our operations by 50% within 2030.

Vår Energi has around 1000 employees and equity stakes in 40 fields and the company produced net 209,000 boe per day in the first nine months of 2023. We have our headquarters outside Stavanger, Norway, with offices in Oslo and Hammerfest. To learn more, please visit varenergi.no.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

Media relations

Andreas Wulff, Communication Manager

+47 92616759

andreas.wulff@varenergi.no

This information is subject to the disclosure requirements pursuant to regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities Trading Act.