Trondheim, 15 August 2024. OKEA ASA (the "Company", or "OKEA", ticker: "OKEA")
has today completed a share purchase on behalf of the members of the board of
directors. The share purchase was made in connection with the compensation
package for the board and in accordance with the resolution by the annual
general meeting on 14 May 2024 (item 11). The shares purchased are subject to a
12-month lock-up period.

The share purchase was executed by a broker on behalf of the board members, all
of which are primary insiders. A total of 36,998 shares were purchased at an
average price of NOK 23.2389.

Copies of notification of each of the persons discharging managerial
responsibilities ("PDMRs") for their respective participation in the
transactions are attached hereto.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian
Securities Trading Act.

For further information, please contact:

Birte Norheim, CFO

birte.norheim@okea.no

+47 952 93 321

About OKEA

OKEA ASA is a leading mid-to-late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE: OKEA).

More information is available at www.okea.no