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

Sandnes, Norway, 24 April 2025: As part of Vår Energi ASA's (OSE: VAR) long-term incentive (LTI) program for executive committee, a total number of 633 201 shares at an average price of 29.9219 NOK per share have been allocated. 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. 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. Safe and responsible operations are at the core of our strategy. Our ambition is to be the safest operator on the NCS, and to become carbon neutral in our net equity operational emissions by 2030. Vår Energi has around 1400 employees and equity stakes in 42 producing fields. We have our headquarters outside Stavanger, Norway, with offices in Oslo, Hammerfest and Florø. To learn more, please visit varenergi.no. Contact Investor relations Ida Marie Fjellheim, VP Investor Relations +47 90509291 ida.fjellheim@varenergi.no This information is subject to the disclosure requirements pursuant to regulation EU 596/2014 Article 19 and Section 5-12 the Norwegian Securities Trading Act.