Oslo, 15 May 2026: Reference is made to the announcement published 7 May 2026
regarding the conditional exercise of the call option to redeem all outstanding
bonds under BlueNord ASA's senior unsecured bond issue 2024/2029 (with ISIN
NO0013261735).

The exercise of the call option was conditional upon settlement under the bond
terms for the new bond issue with ISIN NO0013750828 having occurred on or before
19 May 2026. We are pleased to confirm that the condition has been waived and
that all outstanding bonds will be redeemed as set out in the announcement
published 7 May 2026. The entire bond issue will be repaid at a price equal to
the Make Whole Amount, corresponding to 108.69889% of the Nominal Amount plus
accrued interest, with record date on 20 May 2026 and call option repayment date
on 22 May 2026.

Reference is made to the attached notice from Nordic Trustee AS for further
information.

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

***

Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: [email protected]

About BlueNord ASA:
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company has a 36.8 percent interest in
the Danish Underground Consortium (DUC) that is responsible for oil and gas
production in the Danish North Sea. BlueNord is listed on the Oslo Stock
Exchange and trades under the ticker "BNOR". For further information, please
visit: www.bluenord.com.
mation\, please\
visit: www.bluenord.com.\