DUC partners pre-emption rights

Oslo, 30 November 2018: Reference is made to the stock exchange notice made 17 October 2018 regarding Noreco´s acquisition of Shell´s Danish upstream assets. None of the relevant Danish Underground Consortium (DUC) partners have invoked their pre-emption rights to purchase Shell´s interests and the pre-emption period has now expired.

Contact:

Frederik Rustad, Managing Director

Tel.: +47 22 33 60 00 or email: ir@noreco.com

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About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.

About Us

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.

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