Stavanger, 22 August 2011: Mona Iren Kolnes, board member in Noreco (NOR) has bought 30,000 shares in Norwegian Energy Company ASA (Noreco) at a price of NOK 5.60 per share.

After this, Mona Iren Kolnes holds 30,000 shares in Noreco.

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

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