Stavanger, 18 November 2008: Norwegian Energy Company ASA (OSE:NOR),

The share capital increase in Noreco announced on 4 November 2008 was yesterday registered with the Norwegian Registry of Business Enterprises. Following the registration, Noreco`s share capital is NOK 444,428,018.70, divided on 143,363,877 shares, each with a nominal value of NOK 3.10. The Articles of Association of Noreco have been revised accordingly.

Please find the updated company certificate attached.

 

For further information, please contact:
Scott Kerr, CEO (+47 992 83 890)
Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)