Euan Shirlaw appointed new CFO

Oslo, 6 August 2019 | Norwegian Energy Company ASA (Noreco) is pleased to announce the appointment of Euan Shirlaw as new Chief Financial Officer (CFO). Mr Shirlaw will replace Olav Haugland who has decided to leave the company.

Mr Shirlaw will assume his new role on or about 1 October this year. Prior to joining Noreco, he was most recently a senior member of the Oil & Gas Investment Banking team at BMO Capital Markets, having previously also focused on the energy space while working with Credit Suisse, RBC Capital Markets and Rothschild in London.

During this period, Mr Shirlaw spent over 12 years advising a wide range of oil and gas clients on their acquisition, divestment and merger transactions as well as debt and equity capital raising activities.

“We are pleased to welcome Euan to our team. He knows the industry and our company very well and we have also come to appreciate him in his previous positions as a valuable adviser and contributor to Noreco. Together with the rest of the management and employees of the company, he will have a key role in the development of Noreco,” says Riulf Rustad, Chair of the Board of Noreco.

After completing a successful acquisition only last week, Noreco is now the second largest exploration and production company in Denmark measured by production. Listed on the Oslo Stock Exchange, the company is pursuing a strategy which will result in further growth of its North Sea operations and recruitment of additional staff to its Copenhagen office, London office and at the Oslo headquarters.

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

Contacts
Riulf Rustad, Chair of the Board, +47 900 87 703 or ir@noreco.com

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About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.