Sandnes, Norway, 29 July 2024: The shares in Vår Energi ASA (OSE: VAR) will be
traded ex dividend of NOK 1.184 per share for the second quarter of 2024, as of
today, 29 July.

With reference to the stock market announcement on 23 July, the Board of Vår
Energi ASA resolved to pay a dividend payment of NOK 1.184 per share,
2,955,744,995 in total, equal to USD 270 million, relating to Q2 2024. The
dividend will be paid on 6 August 2024 in NOK and the NOK dividend amount is
based on the daily exchange rate published by Norges Bank 22 July 2024
approximately at 1600hrs CEST.

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 1400 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 July 2024 at 07:00 CET.