Summoned bondholders' meetings – amended proposals

Stavanger, 28 June 2013: Reference is made to announcement of 24 June 2013 concerning summons to bondholders' meetings in Norwegian Energy Company (Noreco). Noreco has today made certain amendments to the proposals described therein, through a proposed increase of offered waiver fees to 0.50%. The new proposal is supported by the largest bondholders in all the Bonds. For further information, see attached bondholders notices.  

Contact:
Ørjan Gjerde, Chief Financial Officer. Tel +47 900 35 738

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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 license rounds, successful exploration and acquisitions. Noreco operates in Norway, Denmark and United Kingdom, and employs around 70 oil and gas professionals. Noreco is listed on the Oslo Børs (ticker NOR).

For further information, please visit: www.noreco.com