Withdrawal of NOR13 Ruling
Oslo, 16 December 2022: Reference is made to the announcement made by Norwegian Energy Company ASA ("Noreco" or the "Company") on 29 November 2022 regarding the temporary injunction (“Ruling”) related to amendments to Noreco’s convertible bond issue NOR13 with ISIN NO 0010851520 as described therein (“NOR13 Amendments”). Noreco has been informed by the plaintiffs Astaris Special Situations Master Fund Limited and Gertjan Koomen that they have filed a request to the Oslo District Court to have the Ruling withdrawn. Noreco continues to be focused on ensuring that its capital