BlueNord: Minutes from Extraordinary General Meeting - Merger Plan with Vår Energi Approved

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY IN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.

Oslo, 24 August 2026: Reference is made to the joint announcement on 21 July
2026 by BlueNord ASA (OSE: BNOR, "BlueNord" or the "Company") and Vår Energi ASA
(OSE: VAR, "Vår Energi") regarding the proposed statutory merger (the "Merger")
between BlueNord as the transferor company and Vår Energi 1 AS (a wholly owned
subsidiary of Vår Energi) as the surviving company, with consideration to
shareholders in BlueNord in the form of shares in Vår Energi and cash pursuant
to the merger plan dated 20 July 2026 (the "Merger Plan").

Notice of an extraordinary general meeting in BlueNord (the "EGM") to approve
the merger plan for the Merger was published on 23 July 2026.


The EGM has been held, and all items on the agenda were resolved in accordance
with the proposals from the Board of Directors, including approval of the Merger
Plan for the Merger. Minutes from the EGM are attached to this notice and shall
be made available on the Company's website at www.bluenord.com.


The resolution by the EGM to approve the Merger shall be filed with the
Norwegian Register of Business Enterprises. Completion of the Merger remains
conditional upon closing conditions as set out in the Merger Plan. The Merger
Plan is available on the Company's website at www.bluenord.com.

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.


***


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

This announcement is issued for information purposes only and does not
constitute a calling notice to a general meeting or a merger plan, nor does it
form a part of any offer to sell, or a solicitation of an offer to purchase, any
securities in any jurisdiction. This announcement is not for publication,
distribution or release, in whole or in part, directly or indirectly, in or into
or from the United States (including its territories and possessions, any State
of the United States and the District of Columbia), Australia, Canada, Japan,
Hong Kong, South Africa or any other jurisdiction where to do so would
constitute a violation of the relevant laws of such jurisdiction. The
publication, distribution or release of this announcement may be restricted by
law in certain jurisdictions and persons into whose possession any document or
other information referred to herein should inform themselves about and observe
any such restriction. Any failure to comply with these restrictions may
constitute a violation of the securities laws of any such jurisdiction.


The securities mentioned herein have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "US Securities Act").
The securities may not be offered or sold in the United States except pursuant
to an exemption from the registration requirements of the US Securities Act or
in a transaction not subject to the US Securities Act. Any decision with respect
to the proposed merger should be made solely on the basis of information
contained in the actual calling notices to the extraordinary general meetings of
the relevant companies and the merger plan (with pertaining documents) related
to the merger. You should perform an independent analysis of such information
when making any investment decision.


Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions.  By their nature, forward-looking statements involve risk
and uncertainty because they reflect the Company's current expectations and
assumptions as to future events and circumstances that may not prove accurate. A
number of material factors could cause actual results and developments to differ
materially from those expressed or implied by these forward-looking statements.
No assurance can be given that such expectations will prove to have been
correct. The information, opinions and forward-looking statements contained in
this announcement speak only as at its date and are subject to change without
notice.


This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities.

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 has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.
ueNord is listed on the Oslo Stock\
Exchange and trades under the ticker "BNOR". For further information\, please\
visit: www.bluenord.com.\