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Mandatory notification of trade

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Stavanger, 20 June 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) Birte N. Borrevik, Vice president projects & technology in Noreco (NOR), has bought 10 000 shares in Noreco (NOR) at a price of NOK 5.78 per share.

Balance of Birte N. Borrevik after the transaction: 225 933 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)

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