Notice to Noreco Bondholders regarding interest payment due on NOR06

Oslo, 29 August 2017: With reference to NOR06 - 6.5 per cent Noreco Norway AS Senior Secured Callable Bond Issue 2015/2018 ISIN 001 060632.0, the interest payment due 6 September 2017 will be settled through the issuance of additional bonds (i.e. PIK and not cash).

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.

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