Allocation of options
Oslo, 1 August 2019: Reference is made to the extraordinary general meeting held on 8 November 2018 regarding approval of the option program for Norwegian Energy Company ASA («Noreco» or «the Company»). Further to the general meeting’s resolution, the board of directors of the Company has allocated (i) 715 000 options with a strike price of NOK 240 per share, and (ii) 170 000 options with a strike price to be set as the volume weighted average Noreco share price for the 30 days period following the completion of the acquisition of the shares of Shell Olie- og Gasudvinding Danmark B.V., as