Stavanger, 20 June 2011: Norwegian Energy Company ASA (Noreco, OSE:NOR) Kjetil Bakken, VP Strategy & Investor Relations in Noreco (NOR), has bought 20 000 shares in Noreco (NOR) at a price of NOK 5,50 per share.

Balance of Kjetil Bakken after the transaction: 35 416 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)