Update on the application to the Danish Appeals Permission Board

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Oslo, 6 August 2018: Reference is made to the stock exchange notice made 31 May 2018 regarding the application to the Danish Appeals Permission Board. The process has entailed delays of several deadlines and Noreco (“Company”) now expects a response in the first half of November. In addition, the Company would like to emphasize the communication made in the annual report for 2017 regarding other business opportunities.

Contact:

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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