Successful purchase of shares in OKEA ASA - mandatory notification of trade

Reference is made to the stock exchange notification at 16.30 CET today regarding the possible purchase of shares in OKEA ASA (the "Company") in connection with the Company's incentive program. Based on received sales interest from shareholders, employees have on 5 January 2022 purchased a total of 1,063,156 shares in the Company. All shares are purchased at a price of NOK 27.00 per share (the "Purchase Price"), giving a total purchase price of NOK 28,705,212. The following persons discharging managerial responsibilities ("PDMRs") have purchased shares as set out below: Name Position Number of shares at the Purchase Price Svein J. CEO 12,345 Liknes Birte CFO 13,995 Norheim 1) Knut SVP Projects & Technology 14,337 Gjertsen Andrew SVP Subsurface 12,199 McCann Trond VP Investor Relations 10,261 Omdal Jan Atle Board member 3,476 Johansen John Board member 7,812 Kristian Larsen Anne Lene Board member 6,800 Rømuld Ragnhild Deputy board member 7,379 Aas Gro Anita Deputy board member 3,476 Markussen Jens Arne Deputy board member 6,096 Megaard 1. Through her wholly owned company, Bino Consult AS OKEA ASA is a leading mid-to-late-life operator on the Norwegian continental shelf (NCS) with a current target production of 18 000 - 19 000 boe per day in 2022. OKEA seeks value where others divest and has an ambitious growth strategy built on accretive M&A activities, value creation and capital discipline. OKEA is listed on the Oslo Stock Exchange (OSE: OKEA). More information is available at www.okea.no (http://www.okea.no)