Sandnes, Norway, 29 April 2024: The shares in Vår Energi ASA (OSE: VAR) will be
traded ex dividend of NOK 1.192 per share for the first quarter of 2024, as of
today, 29 April.

With reference to the stock market announcement on 23 February, the Board of Vår
Energi ASA resolved to pay a dividend payment of NOK 1.192 per share,
2,975,716,245 in total, equal to USD 270 million, relating to Q1 2024. The
dividend will be paid on 8 May 2024 in NOK and the NOK dividend amount is based
on the daily exchange rate published by Norges Bank 22 April 2024 approximately
at 1600hrs CET.

Contact

Investor relations

Ida Marie Fjellheim, Head of Investor Relations

+47 90509291

ida.fjellheim@varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the
Norwegian continental shelf (NCS). We are committed to deliver a better future
through responsible value driven growth based on over 50 years of NCS
operations, a robust and diversified asset portfolio with ongoing development
projects, and a strong exploration track record. Our ambition is to be the
safest operator on the NCS, the partner of choice, an ESG leader with a tangible
plan to reduce emissions from our operations by 50% within 2030.

Vår Energi has around 1300 employees and equity stakes in 47 producing fields.
We have our headquarters outside Stavanger, Norway, with offices in Oslo,
Hammerfest and Florø. To learn more, please visit varenergi.no.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to Section 5-12 the Norwegian Securities Trading Act. This stock exchange
release was published by Ida Fjellheim, Head of Investor Relations at Vår Energi
ASA, on 29 April 2024 at 07:00 CET.