Mandatory notification of trade

Oslo, 28 March 2018: Lars Purlund, member of the Board of Norwegian Energy Company ASA (“Noreco”) has on 28 March 2018 sold 7.277 shares in Noreco at a price of 328,25 per share. Lars Purlund owns 5.282 shares in Noreco after the transaction and has the right to acquire or subscribe up to 70.000 additional shares, in aggregate 75.282 shares.

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

Contact:

Riulf Frederik Rustad

ir@noreco.com or +47 22 33 60 00

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. Noreco was incorporated in 2005 and operates in Denmark and the United Kingdom. The company’s stock is listed on the Oslo Børs (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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