NEC - Annual Statement of Reserves 2008

In accordance with guidelines provided by the Oslo Stock Exchange in Circular No. 2/2007, Norse Energy Corp. ASA is pleased to provide the 2008 Annual Statement of Reserves (`ASR`). The volumes presented in the ASR are identical to figures presented on February 27, 2008 and included in the fourth quarter 2008 report. For further details, please contact: Jonas Gamre, Investor Relations Phone: +47 97 11 82 92 Email: jgamre@norseenergy.com This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)