Noreco announces third quarter 2015 results

Oslo, 12 November 2015: Norwegian Energy Company ASA group (“Noreco” or the “Company”) and the subsidiary Noreco Norway AS (“Noreco Norway”) today announces results for the third quarter 2015.

Please see attached the financial reports for Norwegian Energy Company ASA and Noreco Norway AS, respectively. The material is also available on www.ose.no and www.noreco.com.

Contact:

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.

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.