Oslo 10 March 2025: Reference is made to stock exchange notice published by
BlueNord ASA ("BlueNord" or the "Company") on 28 February 2025 relating to the
Tyra Redevelopment Project (Tyra II") achieving a gas export rate above 200
mmscfpd. BlueNord has been informed by the operator, TotalEnergies, that an
operational occurrence is temporarily impacting the maximum production potential
of Tyra II.


As a result of a breaker failure in the electrical high-voltage system, parts of
the power supply have been temporarily cut.  This reduced power supply impacts
production at the fields within the Tyra hub. Based on the expected delivery
time for necessary replacement parts, full operational capacity is expected to
be reached within the next four weeks. Gas export will continue in the interim
period from the Harald field.


The Tyra hub, which produced 15.1 mboepd in February, is now expected to produce
8.0 - 10.0 mboepd during Q1 2025 compared to previous guidance of 17.0 - 20.0
mboepd.

" Although this operational setback is of course disappointing, the operator has
now fully assessed the situation and put in place a plan to implement the
necessary corrective measures. We expect to restore full capacity within the
next four weeks once the required parts are in place, and we fully believe that
this one-off event does not undermine the long-term value and potential of Tyra
II to our shareholders," said Miriam Lykke, Chief Operating Officer in BlueNord.

This information is subject to 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: 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.