Issue of shares through partial conversion of bond
Bondholders representing 1.39 percent of the outstanding loan of the convertible bond NOR12 issued by Norwegian Energy Company ASA (Noreco) with ISIN NO 0010697055, has in accordance with the bond agreement exercised the option to convert their bonds to equity at the conversion price of NOK 30 per share. Following this, Noreco has issued 172 992 common shares and the total number of shares is now 56 757 843.Contact: E-mail: investorrelations@noreco.com This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act.