Approved prospectus for listing of bond loan

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES 

Stavanger, 19 March 2013:

Reference is made to the stock exchange announcements made by Norwegian Energy Company ASA (“Noreco” or the “Company”) on 13 February 2013 regarding the issue of a new bond loan in the amount of NOK 300,000,000 (the "Bond Loan").

The Financial Supervisory Authority of Norway has on 18 March 2013 approved a prospectus (the "Prospectus") for listing of the Bond Loan on Oslo Børs, and an application for listing of the Bond Loan has been submitted to Oslo Børs.

The Prospectus is available at www.noreco.com, www.dnb.no and www.swedbank.no, or in hard copy by request to DNB Markets at +47 24 16 93 63 or Swedbank First Securities at +47 23 23 82 72.

DNB Markets and Swedbank First Securities acted as Joint Lead Managers in the bond issue.

For further information about the Bond Loan, reference is made to the Prospectus.

Contacts:

Einar Gjelsvik, CEO (+47 992 83 856)

Kjetil Bakken, VP Investor Relations (+47 91 889 889)

****

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the Australia, Canada, Japan or the United States.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

***

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 license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com