New investor contact in Noreco

Stavanger, 20 June 2013: Norwegian Energy Company (Noreco) today announces that the company's investor relations activities will be handled by CFO Ørjan Gjerde until further notice. Kjetil Bakken, who has headed the investor relations function since November 2009, is leaving the company by the end of June.

Bakken has been responsible for developing and leading Noreco's Investor Relations function. From March 2011 to January 2013 he was also part of the company's corporate management team, and he was closely involved in the operational and financial restructuring of the company.

Noreco would like to thank Bakken for his contribution, and wishes him all the best in his future endeavours.


Ørjan Gjerde, CFO (+47 900 35 738)

This information is subject of the disclosure requirements pursuant to section of 5-12 of the Norwegian Securities Trading Act


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).

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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: