MANDATORY NOTIFICATION OF TRADE

Rolf E. Ahlqvist, Chairman of Badger Explorer ASA has today 8. January purchased 3 000 shares in Badger Explorer ASA through his company Ahlqvist Invest AS at an average price of NOK 29.90 per share. His total holding after this is 446 407 shares, equivalent to 2.45 % of the total number of BXPL shares.