OKEA ASA – NOK 1.00 dividend payment payable on or about 15 December

(Trondheim, 26 October 2023) - OKEA ASA (OSE: OKEA): On 11 May 2023 the annual general meeting of OKEA granted the board of directors an authorisation to approve distribution of dividends based on the company's annual accounts for 2022. The board of directors has now approved a cash dividend of NOK 1.00 per share which will be paid in December.

Dividend payment in Q4 2023

The board has resolved to distribute a cash dividend payment of NOK 103.9 million (NOK 1.00 per share) in December 2023. Ex-dividend date is 1 December 2023, and record date is 4 December 2023. Payment is expected on or about 15 December 2023.

For further information, please contact: VP IR & Communication, Anca Jalba, + 47 410 87 988.

The information pertaining to dividend for Q4 2023 is subject to the disclosure requirements of Oslo Rule Book II section 4.2.4.

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