Mandatory notification of trade

31. May 2013: Kjetil Bakken, Investor Relations Manager in Norwegian Energy Company ASA (Noreco) has today bought 15 000 shares in Noreco at a price of NOK 3.5 per share.

After this, Bakken holds 135 869 shares in Noreco.

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

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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 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