Call for Extraordinary General MEeting

Stavanger, 23 September 2009: Norwegian Energy Company ASA (Noreco - OSE:NOR),
Reference is made to the stock exhange release of today regarding private placement. Attached is the calling notice to an Extraordinary General Meeting to be held 14 October 2009 at 09.00 CET in our offices at Haakon VII gt 9, 5 floor, 4005 Stavanger.

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: