Stavanger, 11 August 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR)

 

Hilde Drønen, Board member in Noreco (NOR), has bought 40 000 shares in Noreco (NOR) at a price of NOK 4.5937 per share.

 

Balance of Hilde Drønen after the transaction: 40 000 shares.

 

Kjetil Bakken, VP Strategy & Investor Relations in Noreco (NOR), has bought 20 000 shares in Noreco (NOR) at a price of NOK 4.60 per share.

 

Balance of Kjetil Bakken after the transaction: 55 416 shares.

 

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)