Notice to Noreco Bondholders regarding interest payment due on NOR06 and NOR10

Stavanger, 31 August 2015: With reference to NOR10 - 6.50 per cent Norwegian Energy Company ASA Senior Secured Callable Bond Issue 2015/2018 - ISIN 001 069703.0, Norwegian Energy Company ASA announces that the interest payment due 6 September 2015 will be settled in cash.

With reference to NOR06 - 6.5 per cent Noreco Norway AS Senior Secured Callable Bond Issue 2015/2018 ISIN 001 060632.0, the interest payment due 6 September 2015 will be settled through the issuance of additional bonds (i.e. PIK and not cash).

Contact:
investorrelations@noreco.com

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About Norwegian Energy Company ASA

Noreco is an independent Norwegian oil company. Noreco was incorporated in 2005 and operates in Norway, Denmark and United Kingdom. The company’s stock is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.