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Notification of trade

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Bjarte Bruheim, a Board Member in Norse Energy Corp. ASA, has on July 10th 2008 extended a forward contract of 14.000.000 shares in Norse Energy Corp ASA with maturity date 14/1-2009 at strike NOK 7,1171.

Bjarte Bruheim controls 11.300.000 shares and 14.000.000 forward contracts in Norse Energy Corp. ASA.

For further information, please contact:

Anders Kapstad, CFO
Cell: +47 918 17 442
Email: akapstad@norseenergy.com