Notice to Noreco Bondholders regarding interest payment due on NOR10

Oslo, 27 February 2019: With reference to NOR10 - 10.0 per cent Norwegian Energy Company ASA Senior Secured Callable Bond Issue 2013/2019 ISIN 001 069703.0, the interest payment due 6 March 2019 will be settled through the issuance of additional bonds (i.e. PIK and not cash).

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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