Notice of extraordinary general meeting

Stavanger, 23 October 2013: With reference to stock exchange announcements of 21 and 23 October 2013, the board of directors of Norwegian Energy Company ASA ("Noreco" or the "Company", ticker "NOR") has today given notice of an extraordinary general meeting to be held on Friday 15 November 2013 at 10:00 CET, at the Company's premises in Verksgata 1A, 5th floor, 4013 Stavanger, Norway.

Please find attached the notice of the meeting, which also will be distributed directly to all shareholders with known address. The notice and other relevant reports and announcements can be found on Noreco's website www.noreco.com.

For further information, please contact:

Svein Arild Killingland, CEO. Tel.: +47 913 40 786
Ørjan Gjerde, CFO Tel.: +47 900 35 738

***

This information is subject of the disclosure requirements pursuant to section 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