Second appeal on the Siri Insurance Claims

Oslo, 27 February 2017: Norwegian Energy Company ASA (“Noreco”) announces that the Eastern High Court in Copenhagen has received an appeal from the counterparties in relation to the SIRI Insurance Claims court case. The appeal follows the dismissal of the appeal by the Danish Supreme Court, announced on February 17, 2017. There is no notable change in the content of the appeal.

Contact

Riulf Rustad

Chairman

Tel.: +47 215 15 707 or email: investorrelations@noreco.com 

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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 licensing rounds, exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom. Noreco is listed on the Oslo Børs (ticker NOR). For further information, please visit: www.noreco.com.