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6 January 2026

Vår Energi ASA: Mandatory notification of trade by primary insiders in connection with allocation of bonus shares

Sandnes, Norway, 6 January 2026: Vår Energi (OSE: VAR) has today carried out its employee share purchase program related to 2023. Participants in the share purchase program are eligible to receive one bonus share for every one share bought in 2023, given these shares have not been sold or transferred in the period.

A total of 1 307 629 shares will be allocated to employees. The shares have been bought in the market, with an average purchase price of NOK 33.5037 per share.

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

Contact

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.

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.