BlueNord ASA: BNOR16 - Satisfaction of Condition for Exercise of Call Option

Oslo, 15 May 2026: Reference is made to the announcement published 7 May 2026 regarding the conditional exercise of the call option to redeem all outstanding bonds under BlueNord ASA's senior unsecured bond issue 2024/2029 (with ISIN NO0013261735).

The exercise of the call option was conditional upon settlement under the bond terms for the new bond issue with ISIN NO0013750828 having occurred on or before 19 May 2026. We are pleased to confirm that the condition has been waived and that all outstanding bonds will be redeemed as set out in the announcement published 7 May 2026. The entire bond issue will be repaid at a price equal to the Make Whole Amount, corresponding to 108.69889% of the Nominal Amount plus accrued interest, with record date on 20 May 2026 and call option repayment date on 22 May 2026.

Reference is made to the attached notice from Nordic Trustee AS for further information.

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

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

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.