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NEC - Notification of Trade

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Joey S. Horn, a Board member in Norse Energy Corp. ASA until the
General Meeting held May 20, 2008, sold 100,000 shares in Norse
Energy Corp. ASA on May 20, 2008 at an average sales price of NOK
8,286 per share. Following this transaction, Ms. Horn does not hold
any shares in the company.

For further information, please contact;

Anders Kapstad, CFO
Tel: +47 67 51 61 12
Cell: +47 918 17 442

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)