Reference is made to the OKEA press release of 18th February 2021.

Hydrocarbons have been observed from logs and cuttings on entering the reservoir
in the Chrysaor-operated Jerv exploration well (15/12-25), and coring will now
be initiated according to plan. The reservoir operations are at an early stage,
and final results are not yet available.

PL973 is south of the Grevling discovery operated by OKEA.

Chrysaor Norge AS (operator) holds 50%, OKEA ASA 30% and Petoro AS 20% in the PL
973 license.

For further information please contact:

Andrew McCann, SVP Subsurface & Wells, + 47 415 07 726

Trond Omdal, VP Investor Relations