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Clarification: Successfully completed private placement

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Reference is made to the previously sent press release on the successful completion of a private placement. The price will be set at NOK 4.25 in the contemplated subsequent repair offering. For further information please contact: Anders Kapstad, CFO Tel: +47 23 01 10 01 Cell: +47 918 17 442 Email: akapstad@norseenergy.com Jonas Gamre, Investor Relations Tel: +47 23 01 10 02 Cell: +47 971 18 292 Email: jgamre@norseenergy.com