BlueNord ASA: Cash Dividend Resolution

Oslo, 20 May 2026: Reference is made to the announcements dated 4 May 2026 regarding BlueNord ASA's (the "Company") first quarter 2026 results including the board's intention to distribute USD 100 million in dividend, as well as key information relating to intended the cash dividend  corresponding to NOK 36.17 per share and with an expected ex-date on 22 May 2026. It was furthermore stated that payment of the dividend was subject to the annual general meeting granting a board authorisation to distribute dividends and approval by the board pursuant such authorisation.

Today, 20 May 2026, the board resolved to distribute the aforementioned dividend of NOK 36.17 per share in the Company with ex-date 22 May 2026. The dividend distribution is treated by the Company as a repayment of paid-in capital for Norwegian tax purposes. A reminder of key information regarding the distribution of the dividend will be published by the Company in a separate stock exchange notice.

This information is subject to 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.