Annual Report 2010 of guarantors to bonds loan

Stavanger, 29 April 2011: Norwegian Energy Company ASA (Noreco - OSE:NOR),

The annual report for 2010 for guarantors to bonds NOR03 (ISIN NO0010548431) and NOR04 (ISIN NO0010548449) will be made available on Noreco's web site www.noreco.com/en/Investors/Reports/Subsidiaries/

Contact:
Kjetil Bakken, VP Strategy and Investor Relations (+47 91 889 889)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

About Us

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.

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