Completed EGM

Stavanger, 15 November 2013: Reference is made to stock exchange announcement from Norwegian Energy Company ASA ("Noreco" or the "Company", ticker "NOR") on 21 October 2013 regarding its proposed refinancing plan as well as the notice for  an extraordinary general meeting of 23 October 2013.

The extraordinary general meeting was held today at 10:00 CET. The general meeting approved all resolutions as proposed with qualified majorities. The minutes from the meeting are attached, and are also available on www.noreco.com.

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Contacts:
Svein Arild Killingland, CEO (0047 913 40 786)
Ørjan Gjerde, CFO (0047 900 35 738)

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com