Orders in private placement reconfirmed

Stavanger, 7 November 2013: Reference is made to previous stock exchange announcements from Norwegian Energy Company ASA ("Noreco" or the "Company", ticker "NOR") concerning its proposed refinancing, including the announcement on 4 November 2013 where it was informed that due to certain adjustments to the refinancing terms, subscribers in the private placement would be asked to reconfirm their orders.

This is to inform that such reconfirmations have now been received, with only minor adjustments and reallocations. The private placement thus remains fully subscribed at NOK 430 million. 

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For further information, please contact:
Svein Arild Killingland, CEO (0047 913 40 786)
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 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

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