Sandnes, Norway, 5 May 2022: The shares in Vår Energi ASA will be traded ex dividend of NOK 0.8270 per share for the first quarter of 2022 as of today, 5 May.

The dividend will be paid in NOK on 12 May representing a USD dividend of USD 0.0901 per share as decided by the Board of Directors on 26 April 2022 (representing a total dividend payment of USD 225 million). As announced on 27 April 2022, the dividend is paid in NOK based on the exchange rate of 9.1758 published by Norges Bank on 26 April 2022 at approximately 16.00 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 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 5 May 2022 at 07:00 CET.