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

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)

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