Mandatory notification of trade
Stavanger, 8 March 2011: The board of Norwegian Energy Company (Noreco) has in accordance with Noreco's option scheme decided to issue employee share options. A total of 4 279 384 options have been issued, each with a strike price of NOK 8.04 per share. The options may be exercised during a period from 3 to 5 years from the date of grant. The following primary insiders have received share options: Name - number of options - new balance options - sharesKjetil Bakken - 169652 - 259024 - 55416John Bogen - 175835 - 329292 - 88582Erik Borg - 65484 - 190289 - 11128Ellen