Share issue and convertible bond issue completed
Oslo, 26 July 2019: Reference is made to the notice dated 17 July 2019 and the announced closing date of the acquisition of the shares in Shell Olie- og Gasudvinding Danmark B.V., the entity holding Shell's economic interest in the DUC by Altinex AS, a wholly owned subsidiary of Norwegian Energy Company ASA ("Noreco") on 31 July 2019. Reference is furthermore made to the announcement on 8 November 2018 of the approval of the extraordinary general meeting of Noreco of, inter alia, a share issue and convertible bond issue towards certain investors. Noreco has today issued 15,585,635 shares