Noreco announces third quarter 2017 results

Oslo, 16 November 2017: Norwegian Energy Company ASA ("Noreco") and the subsidiary Noreco Norway AS ("Noreco Norway") today announce results for the third quarter of 2017. The reports may be downloaded from the company's web site www.noreco.com or www.newsweb.no.

Contact:

Tel.: +47 22 33 60 00

investorrelations@noreco.com

***

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.