Point Resources Holding AS (under liquidation) ("PRH") is the investment holding
company consolidating the interests of various funds and co-investment vehicles
(the "Existing Funds") managed or advised by HitecVision Advisory AS
("HitecVision") in the publicly listed company Vår Energi ASA (OSE: VAR) ("Vår
Energi" or the "Company"). PRH is currently the second largest shareholder in
Vår Energi owning 359,459,678 shares (the "Relevant Shares"), representing
approximately 14.4% of the outstanding shares and votes in the Company.

As announced on 16 October 2023, it has been decided to restructure the Funds'
respective interests in the Company. Pursuant to the restructuring, PRH will be
finally liquidated and the Relevant Shares (except for a limited portion, as
further described below) will be held by a new holding vehicle, SpringPoint
Holding II AS ("SPH II"). SPH II is indirectly, through SpringPoint Holding
Limited, wholly-owned and controlled by HitecVision SpringPoint, L.P.
("SpringPoint"), an investment vehicle managed by HitecVision. Immediately upon
completion of the restructuring, the investors in the Existing Funds will
continue their indirect investment in Vår Energi through SpringPoint in the same
proportion as their respective current interests in the Company.

The final allocation of the Relevant Shares in the restructuring has now been
determined. Upon completion of the restructuring, SPH II will hold 328,391,713
shares representing approximately 13.2% of the outstanding shares and votes in
the Company. SPH II will not hold any other shares or rights to shares in Vår
Energi. The remaining 31,067,965 Relevant Shares, representing approximately
1.2% of the outstanding shares and votes in the Company, will first be
transferred to SPH II and immediately thereafter to certain investors (mainly
former management and employees of companies now forming part of Vår Energi) who
are currently indirect minority investors in PRH alongside the Existing Funds.
The aforementioned transfers of Relevant Shares are expected to be completed on
31 October 2023 in the form of distribution of liquidation dividends to the
eligible recipients, and accordingly there is no price paid or received for the
Relevant Shares.

As previously announced, the lock-up arrangement over the Relevant Shares agreed
in connection with PRH's sale of shares in Vår Energi announced on 22 September
2023 will be continued as commitments of the new holders. Further, with respect
to the Relevant Shares that will transfer to SPH II, the pledge over such shares
disclosed on 14 October 2022 will be continued with SPH II as new pledgor.

PRH and SPH II are both close associates to Ove Gusevik, board member and
primary insider in Vår Energi. A PDMR notice is attached.

SpringPoint will be managed by HitecVision and enable HitecVision to remain
actively committed to Vår Energi. HitecVision will also continue to have
representation on the Company's board of directors following the restructuring.

This disclosure is made pursuant to section and the Market Abuse Regulations
Article 19 and section 4-2 of the Norwegian Securities Trading Act.


31 October 2023