Share capital increase

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Stavanger, 13 May 2009: Norwegian Energy Company ASA (OSE:NOR) 
A share capital increase in Noreco (Norwegian Energy Company ASA) has today
been registered in the Norwegian Registry of Business Enterprises. 
Noreco`s share capital is NOK 487 533 704,70 divided on 157 268 937shares, each with a nominal value
of NOK 3.10. Noreco's Articles of Association have been amended accordingly. 
Please find attached the updated company certificate.
 
For further information, please contact: 
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)

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