Vår Energi ASA: Shares allocated to primary insiders as part of the long-term incentive program

Sandnes, Norway, 22 April 2026: As part of Vår Energi ASA's (OSE: VAR) long-term incentive (LTI) program for the Executive Committee and business critical personnel, a total number of 175 246 shares at an average price of 44.4943 NOK per share have been allocated.

The total allocation will be executed through three separate transactions, of which this allocation represents the first share purchase in 2026. Under the program, the Executive Committee can be awarded between 12.5% to 45% of their base salary in restricted shares. The CEO can be awarded between 50% to 150% of his base salary. The restricted shares have a vesting period of three years.

Details on individual allocation of shares to primary insiders is included in the attached notification of trading.

Contact

Investor relations Ida Marie Fjellheim, VP Investor relations +47 905 09 291 ida.fjellheim@­­varenergi.no

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on the Norwegian continental shelf (NCS). To learn more, please visit varenergi.no.