Share capital increase

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Stavanger, 26 June 2008: Norwegian Energy Company ASA (OSE:NOR),
The share capital increase in Noreco announced on 17 June 2008 has today been registered with the Norwegian Registry of Business Enterprises. Following the registration, Noreco`s share capital is NOK 413,502,310.20, divided on 133,387,842 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)

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