Notification of trade
Stavanger, 2 March 2010: Norwegian Energy Company ASA (Noreco, OSE:NOR)
In accordance with Noreco's option scheme approved by the extraordinary general meeting held 14 January 2008 and the ordinary general meeting held 27 May 2009, the board of directors has decided to issue employee share options. A total of 1 934 679 options have been issued, each with a strike price of NOK 17,00 per share. The options may be exercised during a period from 3 to 5 years from the date of grant.
The following primary insiders have received share options:
Name - number of options - new balance (shares + options)
Birte N Borrevik - 67 673 - 440 057
Stig Frøysland - 65 579 - 341 481
Einar Gjelsvik - 52 995 - 299 418
Malin E Flor Helgesen - 16 642 -110 531
Scott Kerr - 119 670 - 2 205 981
Rune Martinsen - 72 506 - 976 807
Jan Nagell - 70 226 - 359 379
Thor Arne Olsen - 82 174 - 1 623 459
Søren Poulsen - 23 481 - 99 272
Synnøve Røysland - 65 727 - 272 224
Lars Fosvold - 61 907 - 260 640
Contact:
Einar Gjelsvik, VP Strategy & Investor Relations (+47 992 83 856)