Completion of share capital increase

Oslo, 16 June 2017: Reference is made to the announcement on 13 June 2017 by Norwegian Energy Company ASA (“Noreco”) regarding the share capital increase in conjunction with Silje Augustson's exercise of 50 000 options under the company's employee share option scheme.

The share capital increase was registered today with the Norwegian Registry of Business Enterprises (Foretaksregisteret). Following the completion of the share capital increase, the share capital of Noreco is NOK 71,447,303.83 divided into 7,144,730 shares, each with a nominal value of NOK 10.0000005.

Contact:

  Email: investorrelations@noreco.com

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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 licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit:  www.noreco.com .

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