Mandatory notification of trade
Stavanger, 8 January 2013: Norwegian Energy Company ASA (Noreco) has as part of its employee incentive scheme issued 1,814,206 new shares at a price of NOK 3.82 per share. The shares will be issued following registration of the share capital increase in the Register of Business Enterprises.
The following primary insiders were awarded Noreco shares at a price of NOK 3.82 per share:
Hilde Alexandersen has been awarded 41,082 shares, new balance is 103,963 shares.
Kjetil Bakken has been awarded 3,064 shares, new balance is 104,688 shares.
John Bogen has been awarded 120,722 shares, new balance is 235,941 shares.
Erik Borg has been awarded 3,038 shares, new balance is 26,483 shares.
Ellen Bratland has been awarded 118,832 shares, new balance is 207,411 shares.
Kenneth Brix has been awarded 1 079 shares, new balance is 9,068 shares.
Lars Fosvold has been awarded 125,467 shares, new balance is 282,390 shares.
Einar Gjelsvik has been awarded 3,843 shares, new balance is 208,302 shares.
Lotte Kiørboe has been awarded 3,499 shares, new balance is 33,178 shares.
Anne Kvadsheim has been awarded 40,852 shares, new balance is 68,561 shares.
Bård Lærum has been awarded 41,583 shares, new balance is 111,352 shares.
After this capital increase, the total number of shares issued in Noreco is 355,645,317.
Contact:
Kjetil Bakken, VP Investor Relations ( +47 91 889 889)
This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act
About Norwegian Energy Company ASA
Noreco is an independent Norwegian oil company. The company’s focus is to explore, develop and produce oil and gas in the North Sea region. Since incorporation in 2005, the company has grown through license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).
For further information, please visit: www.noreco.com