Notice of Extraordinary General Meeting

26 March 2012

Norse Energy Corp. ASA ("NEC" ticker Oslo Stock Exchange, Norway; "NSEEY" ticker U.S. OTC) welcomes the shareholders in the Company to attend an Extraordinary General Meeting (EGM) scheduled to be held on 16 April 2012 at 11:00 Oslo time at Shippingklubben in Haakon VIIs gate 1, Oslo, Norway.

On the agenda for the EGM is:

1. Opening of the meeting by the leader of the Board of Directors, Cecilie Amdahl

2. Present list of attending shareholders and proxies

3. Election of a chairperson and a person to co-sign the minutes

4. Approval of the summons and the agenda

5. Proposal for approval of sale of assets to a purchaser company where shareholders are participant

6. Proposal for issuance of warrants to Emkey

Please find enclosed summons, proposed resolutions and registration/proxy form.

For further information, please contact:

J. Chris Steinhauser, Chief Financial Officer

Direct: +1 716 218 4229

Email: csteinhauser@norseenergy.com

S. Dennis Holbrook, Executive Vice President

Cell: +1 716 713-2489

Email: dholbrook@norseenergy.com