Resignation from the Board

Stavanger, 11 November 2014: The Deputy Chairman of the Board Tone Bjørnov has given notice of her resignation from the Board of Norwegian Energy Company ASA (Noreco) for personal reasons, effective 10 November 2014.

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act

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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