Invitation to annual general meeting

Stavanger 7 April 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) Attached is the calling notice for Noreco`s  Annual General Meeting.

The Annual General Meeting will be held 28 April 2011 at 13:00 CET in our office, Verksgata 1, 5 floor 4013 Stavanger.

At the date of the calling notice the Nomination Committee had not concluded its work. Proposals for a new Board of Directors as well as remuneration for the existing Board of Directors and members of the Nomination Committee are, however, now been concluded and are attached to the calling notice.

The calling notice with a registration form (Appendix F) has been sent by ordinary mail to all shareholders with a known address. Upon request from a shareholder, Noreco will send all appendices free of charge by ordinary mail to the shareholder.

For further information please contact:
Kjetil Bakken VP Strategy and Investor Relations  (+47 91 889 889)
Tone K Skartveit Corporate Planning Advisor (+47 992 83 882)