Publication of Annual Report for 2021

Oslo, 12 April 2022: Norwegian Energy Company ASA ("Noreco" or the "Company") has today published the Annual Report for 2021. In addition, the Company's 2021 Annual Report in European Single Electronic Format (ESEF) and 2021 Remuneration Report are attached. The reports will be made available at the Company's website: www.noreco.com.

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

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Contact:

Cathrine Torgersen, EVP Investor Relations & ESG
Phone: +47 915 28 501
Email: ct@noreco.com

About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.