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Mandatory Notification of Trade

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Oslo, 10 March 2017: Norwegian Energy Company ASA (“Noreco”), informs that CEO Silje Augustson has sold 10.000 NOR shares today, at an average price of NOK 253.48. Post this transaction she retains 100.000 NOR options with strike NOK 42 and expiry March 2020.

Contact:

Silje Augustson, CEO. Tel.: +47 215 15 707 or email: investorrelations@noreco.com 

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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 licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.

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