Stavanger, 6 May 2008: Norwegian Energy Company ASA (OSE:NOR),

The share capital increase in Noreco announced on 28 April 2008 has today been registered with the Norwegian Registry of Business Enterprises. Following the registration, Noreco`s share capital is NOK 405,752,310.20, divided on 130,887,842 shares, each with a nominal value of NOK 3.10. The Articles of Association of Noreco have been revised accordingly.

Further today, the Register of Business Enterprises has registered authorizations to increase the share capital of Noreco given to the Board of Directors in the Annual General Meeting held 25 April 2008, and registered Noreco's new auditor.

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)