Additional information for the annual general meeting in Noreco

Oslo, 22 May 2017: Reference is made to the announcement made on 3 May 2017 regarding the annual general meeting in Noreco. Attached are the proposal from the Nomination Committee regarding members of the Board, Nomination Committee and their remuneration as well the statement of remuneration to senior executives.

Contact:

investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company's focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.