Restated Annual Report for 2017 and additional information for the AGM

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Oslo, 14 June 2018: Norwegian Energy Company ASA (“Noreco”) today publishes its restated annual report for 2017 including the proposal from the nomination committee for the annual general meeting.

The report may be downloaded from the company's website www.noreco.com or www.newsweb.no.

Contact:

Riulf Frederik Rustad, Managing Director

+47 22 33 60 00

ir@noreco.com

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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.