Noreco publishes 2017 Annual Report

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Oslo, 30 April 2018: Norwegian Energy Company ASA (“Noreco”) today publishes its annual report for 2017.

The reports may be downloaded from the company's website www.noreco.com or www.newsweb.no.

Contact:

Riulf Frederik Rustad, Managing Director

+47 22 33 60 00

ir@noreco.com

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About Norwegian Energy Company ASA

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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