NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES,
CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Oslo, 15 July 2025: Reference is made to the announcement issued on 14 July
2025, where BlueNord ASA ("BlueNord" or the "Company") launched an offer to buy
back up to the share equivalent of USD 50 million in the Company on the terms
and conditions as per the 14 July 2025 announcement (the "Offering").

Based on feedback from investors, the Company intends to acquire shares in the
Offering at a price between NOK 505 and NOK 520 per share.

As per the 14 July 2025 announcement, the Application Period for the Offering
ends on 16 July 2025 at 16:30 (CEST) (subject to amendment of the Application
Period). The Company has mandated DNB Carnegie, a part of DNB Bank ASA, as
Manager for the Offering. Shareholders wanting to sell shares in the Offering
are required to complete and send the acceptance form to DNB Carnegie at
demand@dnb.no before the end of the Application Period. Existing customers of
DNB Carnegie can contact DNB Carnegie at +47 24 16 90 20 with their respective
volume and price targets.

The Company will - in the event of receiving acceptances for shares above the
NOK equivalent of USD 50 million - depending on the prices and volumes shown by
selling shareholders and subject to the restrictions set out in the 14 July 2025
announcement and applicable legislation, allocate shares at its discretion, with
the equal treatment of shareholders as the primary objective.

IMPORTANT NOTICE

The Offering will be carried out in accordance with applicable laws and
regulations and information pertaining to the Offering will be disclosed by way
of stock exchange notices.

The information contained herein about the Offering is considered to be inside
information pursuant to the EU Market Abuse Regulation (MAR) and is subject to
the disclosure requirements pursuant to MAR article 17 and section 5-12 of the
Norwegian Securities Trading Act. This stock exchange release was published by
Cathrine Torgersen, Chief Corporate Affairs Officer in BlueNord ASA, at the time
and date as set out above.

Shareholders considering to tender their shares in the Offering are advised to
consult with their own tax advisers with respect to the tax position in their
country of residence or other jurisdictions to which they may have a tax
liability as a result of a sale of shares in the Offering.

The Offering and the distribution of this announcement and other information in
connection with the Offering may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and Japan).
Neither the Company nor the bookrunner in the Offering assume any responsibility
in the event there is a violation by any person of such restrictions. This
includes shareholders who have changed their domicile to such jurisdictions but
which may access their VPS accounts. Persons into whose possession this
announcement or relevant information should come are required to inform
themselves about and to observe any such restrictions. The Offering is not being
made directly or indirectly in, or by use of the mails of, or by any means or
instrumentality of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States of America, its territories
and possessions, any State of the United States and the District of Columbia
(the "United States") or any other jurisdiction in which this would be unlawful,
require registration or other measures. This includes, but is not limited to,
facsimile transmission, internet delivery, e-mail and telephones. Copies of this
release and any related documents are not being, and must not be, mailed, e
-mailed or otherwise distributed or sent in or into the United States or any
such jurisdiction and so doing may invalidate any purported acceptance.

***

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company operates in the Danish NorthSea
with a 36.8 percent interest in the Danish Underground Consortium (DUC).
BlueNord is listed on the Oslo Stock Exchange and trades under the ticker"BNOR".
For further information, please visit: www.bluenord.