OKEA ASA - New share capital registered

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(Trondheim, 6 October 2022) OKEA ASA (OSE: OKEA): Reference is made to the stock exchange announcement published on 3 October 2022 regarding the issuance of new shares in OKEA ASA (the "Company").  The share capital increase related to the issuance of 40,000 shares has now been registered with the Norwegian Register of Business Enterprises.

The Company's new share capital is NOK 10,391,035 divided into 103,910,350 shares, each with a par value of NOK 0.10.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

For further information, please contact:

Birte Norheim, OKEA CFO, at +47 95 29 33 21

About OKEA

OKEA ASA is a leading mid- to 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