Oslo, 29 October 2025: BlueNord ASA ("BlueNord" or the "Company") today
published its third quarter 2025 results, delivering another quarter of robust
operational and financial performance.  As a result, BlueNord is proposing a
cash dividend of USD 89 million for Q3 2025, bringing the total returns to
shareholders year-to-date to USD 391 million.

Highlights for Q3 2025:

·    Net hydrocarbon production of 39.1 mboepd (37.8mboepd in Q2 2025)
·    Revenues of USD 246 million (USD 260 million in Q2 2025)
·    EBITDA of USD 131 million (USD 133 million in Q2 2025)
·    Operating cash flow of USD 128.5 million, up more than 80% from Q2 2025
·    Proposed cash dividend for the quarter of USD 89 million
·    Strong liquidity position of USD 447 million

Operational
Dan, Gorm and Halfdan produced 20.2 mboepd during the quarter. Tyra continued
its ramp up, averaging 18.9 mboepd during the quarter and reaching its highest
average monthly production since restart at 22.0 mboepd in September. As
production from the Tyra hub continues to increase, it is making a significant
contribution to the Company's financial results. Reservoir performance remains
strong, with ongoing efforts focused on maintaining stable operations and
further improving operational efficiency.

Financial
Supported by the strong contribution from the Tyra hub and solid performance
from the base assets, operating cashflow increased significantly quarter-on
-quarter to USD 128.5 million in Q3, up from USD 71.2 million in the previous
quarter. During the quarter, the Company distributed a total of USD 302 million
based on the 2024 and H1 2025 results, including USD 50 million in the form of
share buybacks. Liquidity remains robust, with cash on balance sheet and undrawn
RBL capacity of USD 447 million at the quarter end. Reflecting the continued
strengthening of both operational and financial performance during Q3, the
Company is proposing a cash dividend for third quarter of USD 89 million,
representing the top end of the distribution policy range of 50 - 70% of
operating cashflow.

"The third quarter of 2025 marks a clear shift for BlueNord as we enter into the
harvesting phase of the business. With Tyra now delivering strong and growing
production, we are seeing the full benefit of the investments made over the past
few years translate into higher cash flow and profitability.  During the
quarter, we returned USD 302 million to shareholders, including USD 252 million
in cash dividends and USD 50 million through share buybacks, and we are now
proposing a further USD 89 million dividend for Q3, bringing total shareholder
returns this year to USD 391 million.  Supported by our strong balance sheet,
low-cost production base and an attractive long-term activity set within our
portfolio, we remain fully committed to delivering on our stated strategy of
maximising cash returns to shareholders," said Euan Shirlaw, Chief Executive
Officer of BlueNord.

The report and investor presentation may be downloaded from the Company's
website www.bluenord.com or www.newsweb.no.

The Company will host a webcast today at 10:00 CET.

To join webcast:
https://channel.royalcast.com/landingpage/hegnarmedia/20251029_3/

Contact:
Cathrine F. Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation, and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The stock exchange
announcement was published by Cathrine Torgersen, Chief Corporate Affairs
Officer, BlueNord ASA, at the date and time as set out above.

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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 operates in the Danish NorthSea
with a 36.8 percent interest in the Danish Underground Consortium (DUC).
BlueNord is listed on the Oslo Stock Exchange and trades under the ticker"BNOR".
For further information, please visit: www.bluenord.