Minutes from annual general meeting

Norwegian Energy Company ASA has today held its annual general meeting at Advokatfirmaet BA-HR DA, Tjuvholmen Allé 16, 0252 Oslo.

Minutes from the general meeting are attached, and are also available on www.noreco.com.

Contact:

Silje Augustson, Group CEO. Tel.: +47 215 15 707

investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. Noreco was incorporated in 2005 and operates in Norway, Denmark and United Kingdom. The company’s stock is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.