Oslo, 22 March 2024: BlueNord ASA ("BlueNord" or the "Company") is pleased to
announce that the Tyra Redevelopment Project ("Tyra" or "Tyra II") in the late
hours on 21 March 2024 successfully reached an important milestone with the safe
restart of production.

Since the acquisition of Shell's upstream assets in Denmark in 2019, the Tyra
Redevelopment Project has been the key focus for the Company and its partners in
the Danish Underground Consortium (the "DUC"), and first production from Tyra II
marks a true inflection-point for BlueNord and its stakeholders.

The Tyra Redevelopment Project is, to date, the largest project carried out on
Danish Continental Shelf with the fabrication and installation of eight new
platform topsides. With production from Tyra, Denmark will not only be self
-sufficient but also a net-exporter of natural gas to Europe. The production
from the new Tyra facilities is expected to more than double BlueNord's net
production to over 50 mboepd by the end of 2024 and unlock gross reserves of
more than 200 mmboe. In addition, redeveloped Tyra will significantly decrease
field opex and emissions intensity, and at the same time extend its field life
by 25 years, only constrained by the 2042 license expiry.

"With restart of production today, the most important Tyra Redevelopment
milestone has been achieved. I would like to thank TotalEnergies and the Tyra
Project team for their commitment to the project and for safely restarting the
production on Tyra. Focus is now on bringing the Tyra fields and satellites
Valdemar, Roar, Harald and Svend on production through one of the most advanced
and efficient offshore gas installations in the world," said Marianne Eide,
Chief Operating Officer of BlueNord.

 "We are delighted to announce the restart of production from Tyra, marking a
significant milestone in a journey that began for us nearly five years ago when
we became a partner in the DUC. The successful delivery of this project is a
monumental accomplishment that is a testament to the commitment, resilience, and
perseverance of all parties involved, not only at BlueNord but also at
TotalEnergies and Nordsøfonden. With a ramp-up that is expected to last four
months, Tyra will shortly be a key supporter of energy security in the region,
transforming Denmark from a net importer to a net exporter of natural gas and
supporting the European Union in a manner that compares favourably to imported
LNG. For BlueNord, this moment represents the beginning of a new journey: one
that will see us more than double our production and, with the benefit of
significantly increased free cash flow generation, fulfil our longstanding
commitment to shareholder distributions. Today we celebrate not only a major
accomplishment but also the bright future that Tyra will help us deliver for all
our stakeholders," said Euan Shirlaw, Chief Executive Officer of BlueNord

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

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

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.