Application to the Danish Appeals Permission Board

Oslo, 31 May 2018: Noreco has today applied to the Danish Appeals Permission Board for permission to appeal the decision regarding the Siri Insurance Claims to the Supreme Court of Denmark. It is expected that it will take approx. 11–13 weeks for the Danish Appeals Permission Board to process the application.

Assuming that Noreco obtains permission to appeal the High Court's verdict to the Supreme Court, Noreco expects that it will take between 1 - 2 years before a final decision from the Danish Supreme Court will be available.

Contact:

Riulf Rustad, Chair

+47 22 33 60 00

ir@noreco.com 

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About Norwegian Energy Company ASA

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.

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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