Notice of annual general meeting 24 May 2018

Oslo, 3 May 2018: Notice is hereby given that the annual general meeting of Norwegian Energy Company ASA will be held on 24 May 2018 at 12:00 CET at the premises of Advokatfirmaet BA-HR AS, Tjuvholmen allé 16, 0252 Oslo. Please find attached notice of the annual general meeting, attendance/proxy forms and the statement from the Board of Directors regarding salary and other remuneration to senior executives of the Company. The proposal from the Nomination Committee will be published once this is finished. The documents are available at www.noreco.com. The notice and the attendance/proxy forms will also be sent to all shareholders with known address.

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.

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.