Thursday 14 November 2019

OKEA ASA announced that the sale of 20% of the Company's participating interest in Grevling (PL 038D) and 18.57% of the Company’s participating interest in Storskrymten (PL 974) following Chrysaor Norge AS' options exercise (as described in the Company's listing prospectus of 27 May 2019 has now been consented to by the Ministry of Petroleum and Energy. Completion of the transactions is expected to occur no later than 31 December 2019.

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