Mandatory notification of trade
Riulf Rustad, Chairman of the Board of Directors of Norwegian Energy Company ASA (“Noreco”), has on 27 September 2017 through his wholly owned company Ousdal AS sold 15.000 shares in Noreco at a price of NOK 298,82 per share. Riulf Rustad (indirectly) owns 142.975 shares in Noreco after the transaction and has the right to acquire or subscribe up to 100.000 additional shares, in aggregate 242.975 shares, equal to 3,38% of the outstanding number of shares in the company. Ousdal AS has sold these shares as a consequence of an unexpected tax claim unrelated to Noreco. Riulf Rustad, directly or