Mandatory notification of trade
Stavanger, 12 March 2013: The board of Norwegian Energy Company ASA (Noreco) has as part of the company’s employee incentive scheme resolved to issue 448,778 new shares at a price of NOK 4.11 per share. The shares will be issued following registration of the share capital increase in the Register of Business Enterprises. After this capital increase, total number of shares issued in Noreco will be 356,094,095. The following primary insiders have subscribed and been awarded Noreco shares: Hilde Alexandersen has subscribed to 12,338 shares, new balance is 116,301 shares. Kjetil Bakken