Stavanger, 19 January 2012: Arnstein Wigestrand, board member in Norwegian Energy Company ASA (Noreco, OSE:NOR), has bought 10,000 shares in Noreco at a price of NOK 6.42 per share.

After this transaction, Arnstein Wigestrand holds 60,000 shares in Noreco.

For further information, please contact:
Kjetil Bakken, VP Investor Relations (+47 91 889 889)

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)