Listing of subscription rights in Norse Energy Corp. ASA

Reference is made to the stock exchange announcement made by Norse Energy Corp. ASA on 10 June 2013 regarding the approved prospectus for the Rights Issue of up to 234,052,000 shares with tradable subscription rights, and listing of shares issued in connection with the Rights Issue, Interest Obligations Share Issue, the Bond Loan Share Issue, the Shareholder Loans Share Issue and the Guarantee Share Issue.

The subscription period for the Rights Issue commences 21 June 2013 and expires on 5 July 2013 at 16:30 (CET). The subscription rights are listed on Oslo Børs 21 June 2013. The subscription rights must be traded or used to subscribe for shares before the end of the subscription period (i.e. 5 July 2013 at 16:30 hours (Oslo time)).

Subscription rights that are not sold or exercised before the said time limits will have no value and will lapse without compensation to the holder. Subscription rights will be granted to shareholders as recorded in the VPS as 31 May 2013 (as documented by the shareholder register in the VPS as of 5 June 2013), who are not are not resident in a jurisdiction (other than Norway) in which the offering would be illegal unless a filing or something similar is made. These shareholders will, subject to applicable securities laws, be granted 2.1538 subscription rights for each share based on their shareholding as of that date.  Over-subscription and subscription without subscription rights will be allowed.

The subscription rights are tradable and can have a financial value provided the shares trade at a higher price than the subscription price. There are no guarantees related to the subscription rights.

For further information, please contact:J. Chris Steinhauser, Chief Financial Officer Phone: +1 713 975-1900Email: csteinhauser@norseenergy.com 

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