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Results of voluntary offer to NOR10 bondholders

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Oslo, 23 February 2018: Reference is made to the announcement from 16 February 2018 in which Norwegian Energy Company ASA ("Noreco" or the "Issuer") offered bondholders of NOR10 the opportunity to sell back its bonds to the Issuer at par value.

The offering period closed at 12:00 CET on 23 February 2018. The Issuer hereby confirms that it has bought back a principal amount of NOK 6.139.515 NOK of NOR10 bonds at a price that equals 100% of par value, the Issuer now holds in aggregate 6.314.915 NOK of NOR10 bonds.

Contact:

Frederik Rustad

Tel.: +47 22 33 60 00 or email: 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 Denmark and the United Kingdom. The company’s stock is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.

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