Notice of bondholders' meeting in NOR11

Stavanger, 10 January 2014: Norwegian Energy Company ("Noreco") has today summoned bondholders' meeting in the company's bond loan NOR11. 

The sole purpose of the bondholders' meeting is to resolve amendments to the bond terms to formalise the undertakings of Noreco in conjunction with the restructuring of previous loans (call obligation after 5.5 years and removal of the Noreco's PIK option during first 12 months), ref. the company's stock exchange announcement of 4 November 2013.

For further information, please see the attached summons.

Contact:
Ørjan Gjerde, CFO (0047 900 35 738)

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act
 

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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 55 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com