Notification of trade

Norse Energy Corp. ASA ("NEC" ticker code OSE - NEC, Oslo, Norway, U.S OTCQX symbol "NSEEY")

Odd Næss, a Board Member in Norse Energy Corp. ASA, has on November 12 sold 4,389,000 shares in Norse Energy Corp ASA. After the sale, Odd Næss controls a total of 3,176,000 shares in Norse Energy Corp. ASA.

For further information, please contact:

Richard Boughrum, Chief Financial Officer

Cell: +1 714 520 1702