INFORMATION MEMORANDUM
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Reference is made to the stock exchange notices on 17 October 2018 by Norwegian Energy Company ASA ("Noreco" or the "Company") regarding the announcement of the agreement to acquire Royal Dutch Shell Plc's upstream assets in Denmark (the "Transaction").
In accordance with the Oslo Stock Exchange Continuing Obligations for listed companies section 3.5, Noreco has prepared an information memorandum (the “Information Memorandum”) in relation to the contemplated Transaction. The Information Memorandum was approved by the Oslo Stock Exchange on 15 January 2019.
Completion of the Transaction is subject to certain conditions, including approval from the Danish Energy Agency. Subject to fulfilment of applicable conditions, completion of the Transaction is targeted within first half of 2019. See the Information Memorandum for further information.
The Information Memorandum is attached hereto and is also available on Noreco’s webpage, www.noreco.com.
Contact:
Frederik Rustad, Managing Director
Tel.: +47 22 33 60 00 or email: ir@noreco.com
IMPORTANT INFORMATION
This release does not constitute an offer, invitation or solicitation of an offer to buy, subscribe or sell any shares in the Company. The distribution of this release in certain jurisdictions is restricted by law. This release is not for distribution or release, directly or indirectly, in or into any jurisdiction in which the distribution or release would be unlawful.
Matters discussed in this release may contain certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, Forward-looking statements concern future circumstances and results and other statements that are not historical facts, sometimes identified by the words "believes", expects", "predicts", "intends", "projects", "plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. Any forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third party sources are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. Neither the Company nor any of its subsidiary undertakings or any such person's affiliates, officers or employees provides any assurance that the assumptions underlying such forward-looking statements are free from errors, nor does any of them accept any responsibility for the future accuracy of the opinions expressed in this release or the actual occurrence of the forecasted developments. The Company assume no obligation to update any forward-looking statements or to confirm these forward-looking statements to our actual results.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and section 3.5 of the Oslo Stock Exchange's Continuing Obligations for listed companies.
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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.