Changes in employee board representatives

Stavanger, 21 November 2014: Employee elected board member Hilde Alexandersen has given notice of her resignation from the Board of Norwegian Energy Company ASA (Noreco), effective 21 November 2014. Hilde Alexandersen has previously given notice to resign from her position as employee in Noreco. Alexandersen's deputy member Liselotte Vibeke Kiørboe will be new employee elected board member.

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

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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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