30% sale of shares in Norse Energy do Brasil and repayment of loan completed

Norse Energy Corp. ASA (“NEC” ticker code OSE – NEC, Oslo, Norway, U.S OTC symbol “NSEEF”) is pleased to announce that the sale of 30% of the shares in Norse Energy do Brasil for a consideration of USD 30 million has been completed today. At the same time, Norse Energy Corp ASA has repaid the USD 10 million bridge loan to clients of Sector Asset Management. For further information please contact: Anders Kapstad, CFO Cell: +47 918 17 442 E-mail: akapstad@norseenergy.com Jonas Gamre, Investor Relations Cell: +47 97 11 82 92 E-mail: jgamre@norseenergy.com