OKEA ASA - Key information relating to full redemption of bond loan

ISIN: NO0013009282 - OKEA ASA senior secured callable open bonds issue 2023/2026

OKEA ASA has today officially notified Nordic Trustee AS of its decision to
exercise the call option to redeem all outstanding bonds under its senior
secured bonds with ISIN NO0013009282, please see attached call notice.

Issuer: OKEA ASA

ISIN for bond loan: NO0013009282

Original maturity date: 14 September 2026

Record date for the call option: 1 July 2025

New maturity date: 3 July 2025

Redemption price: 104.563% (plus accrued and unpaid interest on the redeemed
amount)


This information is published in accordance with the requirements of the
Continuing Obligations.

For further information, please contact:
Stig Hognestad, VP Investor Relations
stig.hognestad@okea.no
+47 902 59 040

Or:
Birte Norheim, CFO

birte.norheim@okea.no
+47 952 933 21

About OKEA
OKEA ASA is a leading mid- and late-life operator on the Norwegian continental
shelf (NCS). OKEA finds value where others divest and has an ambitious strategy
built on growth, value creation and capital discipline.

OKEA is listed on the Oslo Stock Exchange (OSE:OKEA)

More information at www.okea.no