Amendments to option program
Oslo, 3 June 2020: Reference is made to the annual general meeting held on 26 May 2020 where the general meeting approved certain amendments to the option program for Norwegian Energy Company ASA («Noreco» or «the Company»). Further to the general meeting's resolution, the number of options granted is reduced from 1,076,954 to 753,868 (there will be 445,000 options remaining to be granted under the program) and the strike price is amended to NOK 160 per share, for the acquisition or subscription of up to 753,868 shares in the Company upon exercise. Following such amendment, primary