OKEA ASA Reference is made to the stock exchange announcement published by OKEA ASA (the "Company") on 23 May 2022, regarding a bond buyback offer to all bondholders of the bond loan OKEA02 with ISIN NO 0010826852. Under the bond terms, OKEA is required to accept offers up to an aggregate nominal amount of USD 9,388,137.20 at a price of 103% of the nominal amount (plus accrued interest) (the "Maximum Put Amount"). The put option period under the bond buyback offer expired at 16:00 hours (CEST).

The Company has received acceptances for an amount which exceeds the Maximum Put Amount. As such, there will be a pro rata reduction of the amounts exercised to the Maximum Put Amount. The final results of the bond buyback offer will be available through the Central Securities Depository after settlement.

Settlement of the bond buyback offer will be on or about 7 July 2022.