Noreco publishes 2016 Annual Report

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Oslo, 28 April 2017: Norwegian Energy Company ASA (“Noreco”) and the subsidiary Noreco Norway AS (“Noreco Norway”) today publishes its annual report for 2016.

The reports may be downloaded from the company's web site www.noreco.com or www.newsweb.no.

Contact:

Silje Augustson, CEO. Tel.: +47 215 15 707

investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. Since incorporation in 2005, the company has grown through licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.