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Management Changes

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The Board and Cecilie O. Lindseth have agreed not to renew her employment contract, and according to the contract her last day as Managing Director of Norwegian Energy Company ASA will be 31 March 2018. The Board would like to thank Cecilie O. Lindseth for her contribution to the company.

Contact:

ir@noreco.com

+47 22 33 60 00

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. Noreco was incorporated in 2005 and operates in Denmark and the United Kingdom. The company’s stock is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.

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